Venezuelan Industries Seek U.S. Partnerships for Energy Sector Recovery
Caracas – Venezuela’s industrial sector is actively seeking collaboration with U.S. Companies to revitalize its energy industry and boost overall economic production, according to recent announcements from the Confederación Venezolana de Industriales (Conindustria). The move comes as the country aims to leverage existing manufacturing capabilities to support a national energy recovery plan.
Tito López, president of Conindustria, revealed ongoing discussions with representatives from the U.S. Embassy in Venezuela focused on reactivating and improving the oil industry. “There is a favorable disposition on the part of U.S. Actors to leverage this recovery using the installed capacity of local companies,” López stated, as reported by El Impulso. This potential partnership could provide a significant boost to the Venezuelan economy.
The initiative was highlighted during a visit by López to the Cámara de Industriales del Estado Lara (Cilara) on March 2, 2026, where a strategic roadmap for regional businesses was outlined. Industries currently providing services to the hydrocarbon sector are expected to play a key role in the country’s energy recovery efforts. The focus on domestic manufacturing suggests a desire to reduce reliance on imports and foster self-sufficiency, a strategy increasingly common in emerging markets.
Conindustria also announced that the Venezuelan private industry is currently operating at 52.7% of its installed capacity, leaving 47.3% available for potential partnerships with foreign companies. Banca y Negocios reported that López emphasized the need for financial support for minor and medium-sized enterprises (SMEs), which represent over 80% of the private sector in Venezuela.
“We want to produce available our capabilities in sectors such as autoparts, spare parts, metalworking, food and medicine,” López said. Discussions also included the potential for Venezuela’s oil exploitation, which López indicated should be accompanied by investments in electricity and technology to maximize economic impact.
A recent survey of industrial conditions, covering the fourth quarter of 2025, was also analyzed during the Cilara meeting, providing an updated overview of the sector’s challenges, and opportunities. Technical inspections were conducted at Fundición Lemos and Gomainca, two long-standing industrial companies in the Lara state, showcasing the region’s industrial resilience. Memesita.com noted the growing importance of sustainability and certification as key components of the broader energy recovery plan.
Conindustria anticipates a 12.7% growth in private manufacturing production in 2026, driven by improved order expectations, greater operational stability, and the potential integration into new value chains linked to the expansion of the oil sector.
