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TotalEnergies returns to Venezuela, signs oil memorandum
Venezuela's interim president Delcy Rodríguez signed a memorandum of understanding with French company TotalEnergies. The firm left Venezuela in 2022; its return signals a softening of its earlier stance toward Caracas. Details of the document — investment value, work schedule, and the role of state-owned PDVSA — were not disclosed. At this stage, it concerns recovering a strategic option rather than an immediate investment decision.
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