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Venezuela Energy Week’s London Showcase Highlights Competitive New Fiscal Framework for Upstream Investment

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Venezuela

Industry leaders outlined how a streamlined fiscal framework replacing more than 20 legacy levies is creating project-specific investment terms as Venezuela’s production reaches 1.2 million barrels per day

LONDON, United Kingdom, July 31, 2026/APO Group/ –Industry leaders at the Venezuela Energy Week London Industry Showcase on Thursday highlighted Venezuela’s newly implemented hydrocarbons framework as a major step toward restoring the country’s competitiveness as an upstream investment destination, pointing to simplified fiscal terms, greater operational flexibility and rising production as key drivers of renewed investor interest.

Presented to international investors and industry stakeholders in London, the country’s regulatory framework establishes a combined government take as low as 20% on greenfield upstream projects through a streamlined fiscal system that replaces more than 20 legacy taxes. According to industry analysis shared during the showcase, the reforms position Venezuela among Latin America’s most competitive upstream jurisdictions.

 

The new terms, set out in implementing regulations signed into force in July, pair a variable royalty with the Integrated Hydrocarbons Tax to produce combined rates of 20% for greenfield developments and 25% for extra-heavy and diluted crude projects. The windfall tax and shadow tax – both previously identified by investors as barriers to high-CapEx developments – have been repealed.

 

Carlos Bellorin, Executive Vice President of Macro Analysis at Welligence Energy Analytics, said his firm has modeled expansion under the new framework and found Venezuela’s terms highly competitive on a global scale. Production has recovered to approximately 1.2 million barrels per day, he said, with Welligence forecasting output to reach between 1.4 million and 1.6 million barrels per day by the end of 2026.

 

“Below two million barrels per day it’s an OpEx game,” Bellorin said. “After that, you need the big companies to come in.”

 

Juan Carlos Andrade, CEO of Araya Energy Group and Director and Legal Counsel at the Venezuelan Petroleum Chamber, said the regulatory overhaul has removed constraints that previously forced operators to resolve shortcomings through contractual workarounds. Operators now have the right to trade their own barrels, manage their own cash flow and develop on-site power generation.

Below two million barrels per day it’s an OpEx game

 

“This is no longer a theory,” Andrade said. “What exists is an opportunity.”

 

Andrade projected that Productive Participation Contracts could deliver between 250,000 and 500,000 barrels per day, with mixed operating companies contributing a similar volume. Combined, these two contract structures are expected to form the foundation of Venezuela’s near-term production growth.

 

The London Industry Showcase marks the first in a series of international engagements leading up to Venezuela Energy Week 2026, taking place October 26-29 in Caracas. The event will convene government officials, international operators, investors and technology providers to examine the country’s evolving regulatory framework, upstream opportunities and long-term energy development strategy.

 

Supporting Venezuela’s Earthquake Recovery

 

Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

 

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4xdED11).

Distributed by APO Group on behalf of Energy Capital & Power.

Business

Africa Women Innovation and Entrepreneurship Forum (AWIEF) Announces Keynote Speakers for 2026 Conference

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AWIEF

The conference theme this year is, Beyond Access: Owning Capital, Markets and Power

CAPE TOWN, South Africa, September 16, 2026/APO Group/ –The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (https://AWIEForum.org) has announced the keynote speakers for its prestigious annual conference taking place at the Cape Town International Convention Centre (CTICC), 10 – 11 November 2026 for the advancement of women in Africa as innovators and entrepreneurs.

AWIEF, which this year hosts the 12th edition of its benchmarking Conference, Expo and Awards event, has more than 60 African and global thought leaders across business and politics to share insight and thought leadership on the conference agenda.

 




  

The conference theme this year is, Beyond Access: Owning Capital, Markets and Power. The two-day event will have global thought leaders, industry experts, policymakers, development organisations, investors, women entrepreneurs. and ecosystem stakeholders gather to dialogue, connect, network, share, collaborate, and transact in a collective effort to accelerate the growth of women-owned and women-led businesses in Africa.

 

AWIEF2026 will explore what it takes to move beyond access and create greater ownership and influence for women across Africa’s economies, with a focus on capital, markets, leadership, and innovation.

 

Headline Speakers Taking the Stage

Taking the stage at the AWIEF conference, to deliver trailblazing keynotes and fireside chats are three exceptional global female leaders and influential voices.

Dr. Rania Al-Mashat is the United Nations Under-Secretary-General and Executive Secretary, UN Economic and Social Commission for Western Asia (ESCWA). Dr. Al-Mashat is an Egyptian economist who served eight consecutive years as Egyptian Cabinet Minister (2018-2026) across three portfolios: Minister of Planning, Economic Development and International Cooperation; Minister of International Cooperation; and Minister of Tourism.

Magda Wierzycka is founder and CEO of Sygnia Limited, a JSE-listed South African financial services group and leading provider of passive investment solutions, savings products, stockbroking and administration services. She is also a partner at Braavos Investment Advisers LLP in the UK. Recognised by Forbes as one of Africa’s 50 Most Powerful Women in 2020, she is widely respected for her leadership and outspoken stance against corruption.

Dr. Judy Dlamini is Chancellor, University of the Witwatersrand (WITS). She is a medical doctor by training, a leading businesswoman, author, and philanthropist. Dr. Dlamini is the Executive Chairperson of Mbekani Group. She is Founder, Female Academic Leaders Fellowship Fund (FALF).

The conference will have other powerful and high-level speakers and leaders from international institutions, government, diplomacy, finance, academia, technology, and business sharing insights and knowledge in panel discussions and entrepreneur-focused masterclasses and workshops aimed at strengthening enterprises, scaling businesses and navigating African and global supply chains.

AWIEF 2026 Conference Features

An exhibition will take place alongside the conference showcasing businesses and organisations; Pitch n Grow competition presenting twelve outstanding women founders selected from across African countries, building and scaling African deep-rooted tech solutions and looking for capital; and the AWIEF Awards celebrating excellence in African women entrepreneurship will be presented on Day 2 of the event, 11 November.

 

Tickets for the AWIEF 2026 Conference, Expo and Awards are available online at: https://apo-opa.co/3T6yipO

Distributed by APO Group on behalf of Africa Women Innovation and Entrepreneurship Forum (AWIEF).

 

 




 

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Energy

United States (U.S.), Argentine Representatives Join African Mining Week (AMW) 2026 as Mineral Diplomacy Reshapes Supply Chains

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Representatives will bring international perspectives to African Mining Week 2026 discussions on mineral investment, value addition and cross-border cooperation

CAPE TOWN, South Africa, September 16, 2026/APO Group/ –African Mining Week (AMW) 2026, taking place from October 14–16 in Cape Town, will feature senior United States (U.S.) and Argentine representatives in discussions examining mineral investment, value addition and international cooperation.

Ashley Ndir, Principal Commercial Officer with the U.S. Commercial Service, U.S. Department of Commerce/International Trade Administration, and Raúl Santiago Ailán, Head of Mission and Ambassador Extraordinary and Plenipotentiary at the Embassy of Argentina in South Africa, have joined the conference, signaling growing international interest in Africa’s mining opportunities.

 




 
 

Ndir will join the U.S.–Africa Roundtable on Advancing Local Beneficiation and Standardizing ESG Frameworks. Drawing on her role in expanding American market opportunities and economic partnerships, Ndir is expected to bring a commercial diplomacy perspective to discussions on U.S.–Africa market integration.

Her participation comes as the U.S. advances its African mining strategy, centered on facilitating investment in mineral development and exports. Through agencies like the U.S. International Development Finance Corporation, the U.S. Export–Import Bank and the U.S. Trade and Development Agency alongside private industry, the U.S. continues to back major project development across key mining jurisdictions, including the Democratic Republic of Congo, Gabon and Nigeria.

Meanwhile, Ailán joins the conference at a time when Argentina is accelerating its own mining expansion. The country is a major lithium producer and is seeking to expand copper development, while African mineral producers are similarly working to attract investment into exploration, processing and supporting infrastructure. This creates scope for greater cooperation between African and Latin American mining jurisdictions across investment, technical expertise and mineral development.

Ailán will join the panel discussion on Realigning National and International Goals to Advance Global Investment in Africa’s Value Chain. The session will examine how national development priorities can be aligned with international investment requirements to support greater value addition.

Under the theme Mining the Future: Unearthing Africa’s Full Mineral Value, AMW 2026 will bring together governments, investors, mining companies and international partners to advance investment across mineral exploration, production, processing and supporting infrastructure. The event offers a strategic international forum to foster engagement, strengthen mineral ties and advance development in Africa and across international markets.

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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Islamic Development Bank Institute (IsDBI) Launches Version 2.0 of its Pioneering E-Book Reader

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The latest enhancements of the Reader offer a more convenient experience to users for accessing the Institute’s growing collection of publications and knowledge products

JEDDAH, Saudi Arabia, September 15, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) is delighted to announce the launch of an enhanced version of its pioneering e-Book Reader, designed to give users seamless access to publications in Islamic economics, finance, and sustainable development.

 




 
Originally launched in 2022 as an app for smart devices, the IsDBI Reader was developed in partnership with Koraspond, a technology firm based in Jeddah, Saudi Arabia. A cloud-based version was subsequently introduced to support reading on larger screens and web-enabled devices.

The latest enhancements of the Reader offer a more convenient experience to users for accessing the Institute’s growing collection of publications and knowledge products. The Reader is integrated with the IsDBI website, enabling users to purchase publications online and then download and read them on their preferred devices.

We are delighted to introduce version 2.0 of the IsDBI Reader, which reflects our commitment to using technology to advance knowledge dissemination

Key enhancements of the new version of the Reader include:

  • A fresh, intuitive interface that improves the overall user experience
  • Automatic return to the last reading position
  • Seamless synchronization of annotations and reading progress across devices
  • Retaining saved annotations when an ebook file is replaced
  • Personal book collections for easier organization
  • Full-text search within individual e-books
  • Improved bookstore search and filtering
  • Faster loading of downloaded ebooks
  • Enhanced stability and performance

Commenting on the launch, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “We are delighted to introduce version 2.0 of the IsDBI Reader, which reflects our commitment to using technology to advance knowledge dissemination. The Reader provides users with an innovative and interactive environment for accessing high-quality digital resources in Islamic economics and finance.”

In his comments, Mr. Bilal Saeed, Founder and CEO of Koraspond, said: “We are proud to partner with the IsDB Institute in delivering the next-generation digital reading experience for its global audience. The enhanced IsDBI Reader combines powerful reading capabilities to make knowledge more accessible and engaging across devices. This release reflects our shared commitment to leveraging technology to advance learning and knowledge dissemination.”

The IsDBI Reader has been integrated with the IsDB Group Digital Library, scheduled for launch soon, thereby offering the Library users seamless discovery and reading experience.

The enhanced IsDBI Reader marks another milestone in the IsDB Institute’s digital transformation, using technology and strategic partnerships to broaden access to knowledge and support learning and sustainable development across Member Countries and beyond.

Access the IsDBI Reader:

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

 




 

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