Mercuria, Heeney ink Venezuelan commodity offtake agreements
Mercuria Energy Group has signed strategic offtake agreements with Heeney Capital for bulk commodities and gold projects in Venezuela, anticipating $2.2bn annually in mineral export value. The deals are part of a US-backed effort to revitalise Venezuela's energy and mining sectors.
Mercuria Energy Group has signed a series of strategic offtake agreements with Heeney Capital for bulk commodities and gold projects in Venezuela. The agreements were developed during a visit by a delegation, including US government officials and industry leaders, to Caracas. The deals anticipate unlocking about $2.2bn annually in mineral export value. Mercuria and Heeney Capital aim to bolster Venezuela's mining sector to enhance supply security for essential industrial materials. The partners are exploring further opportunities in aluminium, nickel, and ferrous products, potentially adding $3bn annually in mineral export value. The initiative reflects growing international efforts to support Venezuela's economic recovery and strengthen supply chains for critical materials.
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