Venezuela signs agreement with Nigeria for petroleum trading
On Thursday, the Bolivarian Republic of Venezuela and the Veneoranto company in Nigeria signed agreements for the economic cooperation, which tightens the bond between the two countries. The signing was presided by Venezuelan President Nicolás Maduro, who offered a speech right after for the Nigerian representatives. teleSUR
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00:00We are going live to Caracas at this moment, where the president, Nicolás Maduro, is said
00:09to sign agreements at this moment.
00:12He's saluting all the officials present.
00:16He has put Alex Saab in the crowd next to his wife.
00:22We are seeing the president, who is said to sign agreements with the Bolivian Republic
00:32of Venezuela and the enterprise Beneoranto Petroleum Limited, CA, from the Federal Republic
00:42of Nigeria.
00:44At this moment, the authorities are said to sign the agreements, bilateral agreements
00:53that are taking place a few days after the elections of July 28th, where the president
01:01of Venezuela, Nicolás Maduro, was re-elected with a resounding majority of the votes in
01:08favor.
01:09And also, it's taking place amid the judicial process taking place and the hearings taking
01:17place in the Supreme Court of Justice to clarify the transparency of this electoral process.
01:23As we were mentioning, we are witnessing the sign of agreements between the Bolivarian
01:31Republic of Venezuela and also the Beneoranto Petroleum Limited, CA, enterprise from the
01:41Federal Republic of Nigeria.
01:44At this moment, the documents are said to be signed, and it's an agreement of factibility,
01:56technical and economic to the development of the Barraseda area, located in the territorial
02:05waters and locals from the Venezuelan Gulf, and this is to be executed.
02:15Let's recall that this is an agreement of technical factibility for the economy and
02:21for the development of the Barraseda area, located in the national waters of the Gulf of Venezuela.
02:35We are witnessing still the signing of the agreements between high authorities of Venezuela
02:46and Nigeria.
02:50The President is in the background.
02:54He's saluting the authorities that are signing the agreements.
03:01Nigeria and Venezuela at this moment are signing agreements.
03:04This is a political novelty, an important fact that is taking place at the moment amid
03:15the electoral process that took place in the country that reaffirmed the victory of President
03:24Nicolás Maduro.
03:26Let's recall that this is an economic key agreement for the country, and not just for
03:35the country, but also to improve the friendship between Venezuela and Nigeria in a moment
03:46where the world is showing their support for the re-elected President Nicolás Maduro.
03:53This is an agreement that for sure is going to boost the national economy, and it's going
04:03to be beneficial for both parties involved in this signing of agreements between the
04:10Bolivarian Republic of Venezuela and the Federal Republic of Nigeria.
04:18Though the both parties that are involved in the signing of these agreements are the
04:23Bolivarian Republic of Venezuela and the enterprise Beneoranto Petroleum Limited, CA, from the
04:31Federal Republic of Nigeria.
04:38The authority that signed the agreements on Nigeria's behalf is at this moment addressing
04:46a few words to the President Arthur Ishkubu Eze, Director Executive of the enterprise
04:53Beneoranto Petroleum Limited, CA, from the Federal Republic of Nigeria.
04:58He's addressing the President at this moment in a show of gratitude to the President and
05:10to Venezuela for the opportunity of signing this agreement that for sure is going to strengthen
05:20the bilateral relations between Venezuela and Nigeria, and also to boost the development
05:26and the prosperity of the peoples of both nations.
05:39The Executive Director of the Beneoranto Petroleum Limited is speaking to the President and is
05:50thanking the opportunity of strengthening the bilateral relations between both nations.
05:59He's assuring that he's very thankful and he's very proud for this opportunity.
06:14This agreement is for sure a few steps according to Pedro Tellechea, Minister of the Popular
06:32Power, this agreement is just the first step of many projects in common that are going
06:40to come in the near future between both countries who are importers and exporters of gas and
06:52oil in the world.
06:55According to the authority who is addressing the people present at the signing of the agreements,
07:04Venezuela is willing to support the development in Venezuela and Venezuela is very thankful
07:19for the collaboration with Nigeria, a country that is supporting Venezuela at this moment
07:25in its path towards development.
07:27Let's recall that this is Pedro Tellechea, Minister of Popular Power, and he's addressing
07:36the nation through the national media amid this signing of agreements between the Bolivarian
07:46Republic of Venezuela and the Beneoranto Petroleum Limited CA from the Federal Republic of Nigeria.
07:54Once more, Venezuela is letting know the gratitude and this opportunity to strengthen peace and
08:05sovereignty and our way on the transmission to renewable energies in the country.
08:18This agreement is going to help us to move forward to sustain our electric system in
08:27the country.
08:28This is a very hopeful day according to the Minister of Power.
08:36The President at this moment is addressing the nation.
08:41Let's listen.
08:43You know that we shared common genes against slavery, against all forms of imperialism.
09:09And we also shared the common history.
09:18We shared the future dreams.
09:27We're just trying to create capacities to join, to dream together, and I'm very happy
09:34that the process has been accelerating, the process of investment for the production of
09:43gas from the Venezuelan Gulf, from the platform to gas power in South America and in the world.
09:59We were importing, exporting gas.
10:06They said that one day we were, many millions of years ago, and the profile of South America
10:20and Africa are complementing each other.
10:23We are face-to-face.
10:26We're nearer to what they have left, allow it to be, and little by little we'll be building
10:35all the ties of meeting and of union between Africa, Venezuela, and Latin America, South America.
10:49Venezuela is the crown jewel in Latin America for many aspects, for many reasons.
10:57First one is now we are the birthplace of the Latin America liberation.
11:04We are in the Salón Sol del Perú.
11:08Today is August the 8th.
11:11Two days ago, on August the 6th, we commemorated on a high level the 200 years of the triumph
11:21of Simón Bolívar here present behind me, in front of me, represented precisely Bolívar
11:33when he was arriving to the low land of Yunin in Peru, 4,000 meters above sea level.
11:47He arrived on his horse with his troops, with Supreme Chief of the Liberator Army in Latin
11:57America, the Supreme Chief of the United Army.
12:06In that army there were Chileans, Argentinians, Peruvians, Venezuelans, Colombians from Central
12:14America, Cubans, Puerto Ricans.
12:20That was the popular army, the most beautiful popular army that ever existed in Latin America
12:25in our history because all America was in arms to defeat the Spanish Empire, to throw
12:33it outside of America after hundreds of years of colonialism.
12:38Bolívar was there.
12:40And here we also have his son, Antonio José de Sucre, who in the Battle of Yunin was in
12:48charge of the operations of the three divisions of the army.
12:54He was there at the front, the big Abel of America, our Liberator calling him that way.
13:04Two hundred years.
13:06This is the Sol del Perú Hall.
13:10Before going to battle, Bolívar went to the tomb of the last Inca emperor, Atahualpa,
13:18and he prayed in front of the tomb.
13:22He was the big chief, Atahualpa, and he promised him to the last Inca emperor that he was going
13:30to liberate the Peru lands, the lands that were once free under the Inca Empire.
13:36And he just fulfilled his promise.
13:39So it's very significant that 200 years after that great victory we are here exercising
13:47our independence and our sovereignty.
13:52The world empires want to take Venezuela, its prize to be the birthplace of the Liberators.
14:01It's the crown jewel because we have a project, a freedom project, a 21st century project,
14:12a project that has shown its vitality, its historic, its force, its integral force.
14:20But at the same time, we are the crown jewel because of the wealth, the material wealth
14:24that we have.
14:26Not only for the spiritual wealth, the historic and moral wealth that we have in our soul,
14:33in our pure soul of our people, but also because of the material wealth that we have.
14:39Because we have certified the first oil reserves in the world, and it's growing.
14:47Because Venezuela is now beginning to certify 20% more of the oil reserves with the new
14:54technology that there are.
14:58We have certified already the eighth reserve of gas in the world.
15:03But now with these investments, we are supposed to have reached the fourth reserve of gas
15:10in the Caribbean area.
15:12All the Venezuelan Caribbean from the Gulf of Venezuela to Delta is gas, gas, gas, blocks
15:18of gas.
15:24And now they are eager.
15:28The bloody face is actually trying, eager to get the oil from Venezuela.
15:34We have the highest reserve of gold.
15:36One of the most, one of the highest reserve of iron, aluminum, coltam and many other minerals.
15:44We also have a water reserve which is impressive.
15:50In the same oil area of the Orinoco, below that we have a water reserve, one of the highest
15:58water reserve in the whole planet.
16:00So they want to come here for our wealth.
16:03Our wealth belongs to the people of Venezuela.
16:08Not theirs.
16:09It's not Elon Musk or the United States empires.
16:13Ours.
16:14They are ours.
16:16They have tried several times to blow, to give a blow, but every time they have tried,
16:21the people of Venezuela have been more powerful in front of those blows.
16:28Recently they tried the last blow, the last criminal blow, the last fascist blow with
16:33The people of Venezuela, as you have seen, is in peace now.
16:36It's quiet and getting ready to continue its path of construction, construction and construction.
16:46We have a mandate to construct, to build and to build.
16:51That is why it's so important that the investments continue flowing to produce.
17:02We, Prince Arthur, Excellency, a Nigerian investor, we are trustful partners, sure partners.
17:16We have our words and in Venezuela there's a constitution, a judicial framework which
17:22is strong and it's stable.
17:26People who want to invest in Venezuela are welcome, welcome from the whole world.
17:38Already there have been physical studies, investigations, research, organic, geological,
17:48in oil and gas and in other fields of development, other natural resources of our industry also.
17:58And simply put, we are very well prepared, professionally well prepared.
18:04We have a scientific and professional sector of the first level in the world, trained in
18:12the university in Venezuela with the specialties duly established for oil and gas.
18:21We have knowledge and we have independence in the knowledge.
18:25You will know, of course, that Venezuela is very well trained and prepared to make business
18:36in terms of respect and equal, judicial equal, and to make agreements on the basis of win-win
18:45basis, so that you just bring your finances, your capital to guarantee markets, foreign
18:52markets, and to advance at all levels.
19:01We need all of investors.
19:04Of course, there's no time in the day's agenda to deal and to treat so many investors.
19:11The president of our oil industry, engineer Tayechea, a minister of oil, knows that.
19:18The president of the International Center of Investment of Venezuela knows that.
19:25The licensee, Alex Saab Moran, also knows, the vice minister, the experts, the specialists,
19:31the ambassador, our ambassador in Nigeria, Alberto Castellar, the young leader, revolutionary
19:40young leader, Eternal Young, investments from all over the world knows this, I have said.
19:59The countries in the world should take care of themselves, should take care of intervention
20:03policies against Venezuela.
20:06We're not going to accept any intervention on Venezuela from anybody, absolutely from
20:11anybody, whatever their name is.
20:15Venezuela has to be respected, our sovereignty, our internal life.
20:22Those who meddle in the internal issues of Venezuela will receive a beat, because Venezuela
20:30has to be respected.
20:32We don't meddle in the internal issues of anybody.
20:35You have never seen me making opinions that there was a fraud in the United States, that
20:40Donald Trump was stoling his elections.
20:46That's their problem, that's an internal problem of the United States.
20:50President Chavez said that when our Democratic candidate in 2000 accused George W. Bush to
21:00steal the elections, President Chavez said, well, no, we're not going to get into that
21:06internal issue.
21:07That's a United States issue and their institutions.
21:11We don't have to meddle with anybody.
21:13We don't accept that nobody meddles with us, whatever they are called.
21:19We are very jealous guardians of the believer legacy of Sucre, the man, the Chavez of the
21:26sovereignty and constitutionality of Venezuela.
21:29We're brave.
21:32I don't know if that has any translation into English, a word that sounds very beautiful
21:38in Spanish, bravios.
21:43We're courageous in defending jealously our independence, our sovereignty, our internal
21:50life, at whatever expense.
21:57But the investors, I tell the investors, don't let them worry you.
22:05In Venezuela, there's an energetic development going on in Venezuela.
22:10There has been an energetic transition in Venezuela, and there's a lot of news for the
22:15next week in relation to the transition, the integral energy transition in Venezuela and
22:22from Venezuela for the investors and the world.
22:27From Africa, welcome.
22:29This is your homeland.
22:31Investors from the BRICS, they come here like rain, welcome the BRICS.
22:38Investors from Spain, Italy, France, and Europe, get hurry that the opportunities are open
22:48here.
22:49And we are the ones that are to be trusted.
22:52Investors from the United States, welcome.
22:59The political problems are something else.
23:02We don't have any conflict with the investors.
23:04They are all welcome.
23:06Of course, we have to say Venezuela has its own priorities.
23:11We have our schedules, our agenda, our times.
23:15And if we have three or four investors, five investors for a block of oil, and they are
23:21investors that allow them to be bothered by the political problems, then we give that
23:30to another investor from Africa or from the BRICS.
23:34If somebody let himself be disturbed by the political and the conspiracy, so that block
23:41of gas, please, you give it to Africa or BRICS or Asia or to the investors in the world that
23:50don't come here to put conditions to Venezuela.
23:56So I ratify my word.
23:59With all the investments that I have met personally during months, the word is already pledged.
24:08Their investment is already guaranteed.
24:10We want to work with the world, but we would like also that the world respect us because
24:15that wealth is from Venezuela, belongs to Venezuela, and these are dependents.
24:20The independence was not given to us for free.
24:22We went 1,000 kilometers from Caracas to the highland of Ayacucho in Peru to conquer
24:30our freedom and our independence.
24:33The blood of our forefathers was shed in the battlefield so that we now, so that we defend
24:40that blood, that legacy, and that honor.
24:43So I'm very happy to share this investment.
24:48You can be sure that we have the blessing from God.
24:52God is with us, always with us.
24:56I appreciate your kind words, Prince Arthur.
25:02I appreciate your blessing for our country, and be sure that from now on, what is coming
25:09is very good, and what's coming is much better.
25:11Thank you very much.
25:12God bless Africa.
25:14God bless these investments.
25:16Thank you very much.
25:24We were witnessing the signing of an agreement between the Bolivarian Republic of Venezuela
25:29and the Nigerian company Bene Oranto Petroleum Limited, CA, according to the President Nicolas
25:36Maduro.
25:37This agreement will boost the unity between Africa and Latin America and will help the
25:43country to reach stability in its national energy supply, as it is also going to be beneficial
25:50for the people of Nigeria.
25:52During his statements, the President recalled that Venezuela is open for investors from
25:59all over the world.
26:01At this moment, the President is greeting the representatives of the company from Nigeria
26:08that came to Caracas, Venezuela, to sign this agreement with the country and made
26:16an economic development of the country.
26:20The national economy is in a moment that is moving forward, and this type of agreement,
26:27according to the President, is going to be beneficial for both parties, for both peoples.
26:33Leaving politics aside, Venezuela is opening to the world and is ready to receive all investors
26:40who want to invest in the country in order to promote a multipolar world, to promote
26:47a development, not just for Venezuela, but also for the rest of the world.
26:52Let's recall that we were witnessing the signing of an agreement between the Bolivarian Republic
26:58of Venezuela and also the Federal Republic of Nigeria.
27:03The President is greeting all the participants in the signing agreement, and one of the people
27:11involved was Alex Sabes, on the crowd.
27:18We have come to the end of this news brief with this news.
27:22You can see and find this and many other stories on our website at www.telesereenglish.net
27:28and join us on social media, Facebook, Instagram, Telegram and TikTok as well.
27:33For TELESERE ENGLISH, I'm Alejandra Garcia, thank you for watching.