The Daily Journal — State-owned oil company Petróleos de Venezuela S.A. (PDVSA) announced on Thursday that its officials and representatives from Shell plc inspected a major gas reception and distribution complex in eastern Venezuela to assess infrastructure improvements and production expansion efforts.
According to a statement PDVSA shared on Telegram, PDVSA President Héctor Obregón and Shell’s Exploration and Production President Peter Costello led the inspection at the Muscar Complex in Monagas.
The executives held discussions on projects aimed at expanding production capacity, strengthening gas-handling infrastructure, and improving operational reliability, the statement said.
Obregón and Costello toured the facilities with their teams and observed PDVSA personnel conducting continuous operations at the complex. The company stated that these efforts help guarantee oil and associated natural gas production from the Carito and Pirital fields, which support the country’s industrial sector and electricity generation.
Following the approval of reforms to Venezuela’s Hydrocarbons Law in January, which opened the door to private and foreign investment under agreements supported by the United States, Acting President Delcy Rodríguez signed several accords with Shell in Caracas during a meeting attended by U.S. Interior Secretary Doug Burgum.
Among the agreements, the parties included a technical and financial partnership to develop one of PDVSA’s business divisions, according to statements later made by the head of the state-owned company.
