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Deputy Gilberto Giménez: Venezuela creates conditions and legal certainty to attract investment

Giménez argued that the country does not require a specific number of licenses, but rather the “lifting of coercive measures”
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Published at: 13/11/2026 07:34 PM

The national president of the People's Electoral Movement (MEP) party and deputy to the National Assembly (AN), Gilberto Giménez, assured that Venezuela's current work in the international arena consists of “creating the conditions and legal certainty required by large companies that are going to invest in the country.”

During an interview with Venezolana de Televisión (VTV), he said that “we bring the topic of relationships to the table. Venezuela has been a reliable supplier of oil, and relations are recovering there.”

He added that “every scenario where Venezuela has participated in recent times has been taken advantage of. It has been done with European countries, with international financial organizations; each of these scenarios is the table served with each of these actors seeking that normalization process that we have said so much”.

He also noted that the country does not require a specific number of licenses, but rather the “lifting of coercive measures to autonomously decide and manage its economy.”

On the other hand, the parliamentarian assured that Venezuela needs to take an important leap in the recovery of both the National Electricity System (SEN) and that of oil production in foreign investment, on which the Legislative Branch, “is legislating at a new political moment to facilitate this entire process of the coming to the country of foreign investment.”

In this regard, he affirmed that the reform of the Organic Law on the Electrical System and Service guarantees security for all actors in order to strengthen service production schemes and structures.

“On the subject of electricity, there are two things to improve: generation, since 80% of electricity is hydroelectric, and the issue of transmission. That's why it's crucial to see other strong sources. Developing the topic of solar energy and wind energy opens the door for resources, this cannot wait,” he stressed.

Mazo News Team