Venezuela has approved new legislation opening its mining sector to foreign investors, marking a significant shift in the country's approach to natural resource development. The move provides access to Venezuela's substantial mineral reserves and represents the latest effort by the country's leadership to attract international investment.

Separately, Shell is planning to begin gas production next year at the massive Loran Manatee field located between Venezuela and Trinidad. The energy company is seeking to commence output at the cross-border natural gas project, which represents one of the region's largest undeveloped gas reserves.

Meanwhile, Egypt has committed to purchasing the entire gas supply from Cyprus' Aphrodite field, securing a significant energy supply agreement between the two Mediterranean nations. The deal ensures Egypt will have access to all production from the offshore gas field.

In Argentina, President Milei has modified glacier protection laws to facilitate copper mining investments. The regulatory changes clear obstacles for international mining companies but have generated opposition from environmental groups and triggered legal challenges. The modifications to the previously contested legislation aim to unlock mineral development in glacier-adjacent areas.

These developments across Latin America and the Eastern Mediterranean reflect broader shifts in regional energy and mining policies as countries seek to attract foreign investment and develop natural resource sectors.