PORT OF SPAIN, Trinidad, Oct 26, CMC – The energy chambers of Trinidad and Tobago and Venezuela have signed a letter of intent (LOI) to boost institutional cooperation and integrate their hydrocarbon sectors, the organizations announced during an industry summit in Caracas.
President of the Venezuelan Petroleum Chamber (CPV), Álvaro Pérez Díaz, and Dr. Priya Marajh, president of The Energy Chamber of Trinidad and Tobago, signed the agreement at the Venezuela International Oil & Gas Summit (VIOGS).
The Energy chamber said that the LOI establishes a general framework for knowledge exchange, mutual support, and the strengthening of bilateral industry channels between the two nations.
It said under the agreement, the organizations will develop joint industry events, technical workshops, and targeted information-sharing programs.
The chamber noted that the agreement stems from a shared interest in supporting the development of the oil and gas sectors in both countries.
The CPV said that the partnership aligns with its mandate to represent the hydrocarbon goods and services sector. It said the agreement will help promote cooperation among industry associations, strengthen its member companies, and generate new business opportunities within the Venezuelan oil industry.
CMC/lk/ir/2026