Venezuela and Trinidad and Tobago sign energy agreements

teleSUR English

Both countries signed the seven-agreement act with the approval of the functional structure for the operation in the Manakin and Cocuina fields of the Deltana Platform off the Venezuelan coast. teleSUR

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00:00In Venezuela, Andrinidad and Tobago signed energy agreements to strengthen their cooperation.

00:06Both countries signed the Seven Agreements Act with the approval of the functional structure

00:11for the operation in the Manikin and Coquina fields of the Deltana platform off the Venezuelan coast.

00:18The agreement establishes licenses for U.S. and European companies

00:22to join in the exploration and exploitation of gas and other hydrocarbons.

00:27The event was headed by President Nicolás Maduro,

00:30who ratified Venezuela's own formula for development and the emerging energy cooperation in the region.

00:36International oil companies have been gradually returning to Venezuela in recent years,

00:41despite the sanctions and blockade by the U.S. government.

00:51We re-engineered our brain, our mind, our plans,

00:54and, at that precise moment, we resumed negotiations with Trinidad and Tobago to look for our own formula,

01:12where these economic projects, which have an important impact on the economy of Trinidad and Tobago

01:17and of Venezuela because of the income we are going to obtain,

01:21would be viable within the framework of sovereign,

01:33independent, friendly, good neighborly relations.

01:36We are taking a monumental step in the right direction,

01:39and I would say that we are on the right side of history.

01:42The new world that is emerging belongs to us.

01:46The Minister of Energy and Energy Industries of Trinidad and Tobago, Stuart Young,

01:51ratified his government's willingness to defend the sovereignty of both nations.

01:58I congratulate you on behalf of the people of Trinidad and Tobago,

02:02and I thank you on behalf of the people of Trinidad and Tobago.

02:07Once again we have shown the world what happens when two brotherly countries work together

02:12in difficult times and defend what is right and defend the sovereign rights of two countries,

02:17and I promise you, Mr. President, on behalf of the people of Trinidad and Tobago

02:24and on behalf of Dr. Rowlett, Prime Minister of the Republic,

02:28that we will guarantee the people of Venezuela and Trinidad and Tobago

02:32that there will be benefits from this project.

02:35For his part, the Venezuelan Minister of Oil, Pedro Teixeira,

02:39highlighted the contribution of the joint binational work

02:42for the development of both countries despite the limitations.

02:50So for Venezuela, for Trinidad and Tobago,

02:53today is a day of victory and blessing for both peoples

02:56and demonstrating to the world that we can continue working with each other

02:59with the signature of our VIP company, with the signature of Trinidad and Tobago.

03:03We demonstrate that despite some limitations and adversities,

03:07we always achieve peace, union and unify the criteria for the growth of Venezuela.

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