Venezuela has promised to assist Grenada in developing potential that may exist in the oil and gas sector.

Venezuelan President Nicolas Maduro, who visited the island on Saturday, said he will immediately instruct his foreign minister, Delcy Rodriguez, to form a team to begin dialogue with St George’s.

Maduro told Grenada’s Prime Minister Dr. Keith Mitchell during a bilateral meeting, that Caracas and St. George’s should not delay on this initiative.

New talks between Grenada and Venezuela are expected to focus on boundary delimitation following initial discussion on the issue some years ago.

Mitchell told Maduro that Grenada is just as eager to reach an agreement, particularly in light of the positive implications for the local economy.

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