📊 Maracaibo filled up with booths and the energy market once again started talking about the future

Between September 23 and 24, 2026, the 8th International Expo on Oil, Industry, and Commerce took over Maracaibo with a turnout of around 240 companies, both domestic and foreign, according to figures from the business directory PetrĂłleos de AmĂŠrica. The main takeaway is simple: after the easing of U.S. sanctions, suppliers of inputs pulled their quotes out of the drawer again, updated equipment, and went looking for contracts.

But at PitbullChain, we don’t just look at the expo floor photo. We look at the pipeline where the money will flow. Because each valve, each measuring instrument, and each compressor sold in Zulia will need to be paid—and in Venezuela, that means hard currency, bolívares, transfers, and, increasingly, stablecoins.

📈 The numbers behind optimism

Edesio Parra, founder of Petróleos de América, spoke about 160 companies—just in stands—and attributed the growth in attendance to the sector’s “renaissance.” Along with consortia that have been operating in the country for years, firms from Mexico, Colombia, and Argentina also appeared, exploring opportunities.

The most cited case is that of valves. Javier Linares, director of Petrogas and representative of the Italian company Flour Valves FLV, estimated the potential market for that segment at around US$ 500 million. He also mentioned two requirements that any company doing business in Venezuela knows by heart: transparency and legal certainty.

On the other side, Armando Varela, Fluke’s representative, reported “modest” growth in sales of instruments and pointed to a sore spot that matters to us: there is a lack of trained personnel to handle the new technologies.

🔎 The question nobody asks at the Expo: how is it paid?

That’s the point PitbullChain wants to put on the table. A foreign company that wins a contract in Venezuela’s energy sector has to solve three things at the same time: bring in capital, pay local suppliers, and cover payroll and logistics in bolívares—without getting killed in the attempt by traditional banking.

Venezuelan digital banking has improved in usability, but it still comes with transfer limits, slow KYC processes for legal entities, restricted international correspondent banking, and settlement times that don’t always match operational urgency. That’s why a good part of these new supplier desks will end up handling their treasury with USDT: immediate liquidity, conversion to bolívares in the P2P market, and enough traceability for anyone keeping the books seriously.

💰 USDT/VES: the obligatory stop for the new contractor

When fresh money comes into hard currency, the P2P market feels it. And here there are two forces pushing in opposite directions:

🛡️ What could ease the exchange rate

More dollars from foreign investment, equipment imports, and contract payments reduces pressure on the parallel rate. If the easing continues, some stability—and even downward corrections in USDT/VES during the peaks of supply—could be seen.

⚠️ What could put pressure on it

That same money, once it arrives, is also converted into bolívares to pay payroll, freight, local taxes, and services. That creates demand for VES and, at the same time, demand for USDT for anyone who wants to dollarize their savings in a country where confidence in the bolívar is still fragile. Add seasonality, regulatory rumors, and traders’ appetite: P2P will keep moving with volatility.

🧭 Real opportunity for the crypto ecosystem

It’s not just that more USDT is sold. A services niche appears: crypto treasury for supplier companies, custody accounts with internal controls, invoicing solutions, crypto payroll for contractors in oil regions, and compliance tools that allow a foreign firm to justify every move to its parent company.

Linares himself said it plainly: without transparency and legal certainty, foreign capital doesn’t land. And blockchain, used properly, is a transparency tool—not a hiding place.

📖 Read the full article: https://pitbullchain.com/noticias/maracaibo-se-reactiva-el-negocio-petrolero-que-el-p2p-no-debe-perder-629000

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📊 Live rates and analysis at https://pitbullchain.com

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