A working visit to Caracas by the African Energy Chamber this week aims to strengthen hydrocarbon collaboration, expand focus on gas and petrochemicals and advance technical training partnerships.
The African Energy Chamber (AEC) this week advanced a structured program of cooperation with Venezuela during a high-level working visit aimed at aligning both regions on hydrocarbon development, trade expansion and capacity building.
The visit opened with meetings with the Bolivarian Republic of Venezuela’s Vice Minister for Africa, Yuri Pimentel, where discussions focused on formalizing stronger South–South collaboration across upstream investment, gas monetization and downstream industrial development. As major hydrocarbon regions navigating similar developmental pressures, both sides emphasized a shared priority: using oil and gas resources to confront energy poverty and accelerate industrialization.
Rather than treating hydrocarbons as transitional resources, discussions framed them as essential economic drivers. Both parties emphasized that oil, along with the development of natural gas and petrochemicals, represents the next phase of value creation – critical for supporting electrification, powering domestic industries and enabling broader economic development.
The Chamber encouraged greater participation of African energy companies in Venezuela’s upstream and downstream sectors, while supporting Venezuelan engagement across African markets. The objective is not transactional engagement, but longer-term institutional alignment that strengthens intra-Global South investment flows.
Another key outcome of the visit was the advancement of structured human capital partnerships. During meetings with Universidad Venezolana de los Hidrocarburos, discussions moved beyond general cooperation and toward concrete training pathways for African professionals. The parties committed to organizing training programs for Africans and executives in oil and gas, supported by ongoing discussions with stakeholders in Namibia, Equatorial Guinea, Nigeria, Zimbabwe and Senegal. Programs under discussion include technical training in both onshore and offshore hydrocarbon operations, alongside executive-level capacity building aimed at strengthening operational and regulatory expertise across African energy markets.
Venezuela’s decades of experience in complex onshore heavy-oil production and offshore development present relevant case studies for African producers expanding their own resource bases. The Chamber committed to facilitating frameworks that support long-term training exchanges and institutional collaboration. By prioritizing technical depth and executive-level capacity building, the partnership aims to ensure that resource development is matched by domestic expertise – reinforcing local content objectives across African energy markets.
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