President in charge valued the success of the CPP and asserted that they must be incorporated into the Hydrocarbons Act

Published at: 25/01/2026 12:22 PM

This Sunday, during a meeting with more than 2,000 workers in the hydrocarbon sector, from the Puerto La Cruz Refinery of Petrleos de Venezuela S.A. (PDVSA), located in the state of Anzoátegui, the president in charge of the Republic, Delcy Rodríguez, highlighted the importance of the Contracts for Productive Participation (CPP), which were agreements designed by the industry, under the Anti-Blocking Law.

“CPPs are already famous in the world; today everyone asks what they are and I have to tell them that the first CPP signed by PDVSA was in April 2024, in a field where 23,000 barrels were being produced per day, in December 2025 that field closed at 110,000 barrels per day,” said Rodríguez.

In this regard, he stressed that under the leadership of Nicolás Maduro Moros, within the framework of the anti-blockade situation, to exploit energy reserves in favor of Venezuela, since it seeks to ensure that “all these successful models of the Anti-Blockade Law are now incorporated into the Organic Law on Hydrocarbons to give greater expansion to our productivity and to receive large amounts of national and international investment. To Venezuela's own efforts, we must add national and international capacities to develop our reserve.”

In this regard, the president in charge thanked the workers for their willingness and commitment to move the Venezuelan hydrocarbon industry forward with “a contract to export Venezuela's first gas molecule and now we're going for more, we're going for more; Venezuela can also be a gas power; those oil and gas reserves must be converted into happiness, development, prosperity and hope for the Venezuelan people.”

“We know, from the political and military high command of Venezuela, we have the workers of the hydrocarbon industry,” he added and finally urged workers to commit, loyalty, patience and prudence in order to achieve the expected goal for the country's potential growth.

Mazo News Team