Venezuela is prepared to move forward with new oil agreements, according to Oil Minister Paula Henao, who spoke directly to investors in Houston.

During her address, Henao emphasized the country's commitment to boosting crude production through production-sharing contracts. She highlighted Venezuela's vast energy potential, noting that the nation holds the world's largest proven crude reserves.

Henao's outreach signals a renewed effort by Venezuela to attract foreign investment into its oil sector, which has faced significant challenges in recent years due to economic instability and underinvestment.

The minister's comments in Houston suggest a strategic pivot aimed at revitalizing the country's energy industry and restoring international partnerships.