Venezuela invites Qatari investments in oil, gas, mining sectors



Qatar Chamber Vice Chairman Mohammed bin Ahmed bin Twar met with Venezuela’s Vice Minister of Gas Douglas Sosa in Doha on Wednesday.

The meeting discussed ways of enhancing ties between the private sectors of the two countries. It also reviewed the investment opportunities in Venezuela in the oil and gas sectors.

Douglas Sosa has invited Qatari businessmen to explore investment opportunities in his country and exhorted them to take advantage of the pro-investment climate and other facilitations offered by the Venezuelan government to foreign investors.

“Qatari investments in Venezuela are welcome. There are hundreds of promising opportunities in oil, gas and mining sectors. Qatar has a very considerable reputation in gas production. We are keen on benefitting from the Qatari experience in this regard,” he added.

Noting that Venezuela has proven gas reserves of about 400 trillion cubic feet, the deputy minister said the door was open for Qatari companies to do business without national partners.
“The investment climate in Venezuela is encouraging. The Venezuelan president is keen on enhancing cooperation with Qatar in all fields,” he added.

Terming the ties between Qatar and Venezuela as strong, Bin Twar said the last visit of the Emir HH Sheikh Tamim bin Hamad al Thani helped promote the relation to higher level.

He assured the chamber’s role in encouraging businessmen to discover the available investment opportunities in Venezuela in oil, gas and other economic sectors. He expressed hope that the private sectors in the two countries would cooperate and make use of the advantage offered to them by the economies.

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