[SMM Flash News] Mercuria Signs Strategic Offtake Agreements for Venezuelan Commodities

Published: May 5, 2026 00:56

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Mercuria Energy Group has entered into a series of strategic offtake agreements with Heeney Capital, targeting bulk commodities and gold projects in Venezuela. This initiative aims to revitalize Venezuela's energy and mining sectors and was formalized at Miraflores Palace in Caracas with Mercuria's managing director, James Gilbert, in attendance. The agreements, which emerged from a high-level delegation visit involving US officials, are expected to unlock approximately $2.2 billion in annual mineral export value. This collaboration reflects broader international efforts to support Venezuela's economic recovery and secure supply chains for critical materials while aligning with US strategies to promote responsible investment in the region's extractive industries.

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