From the US Executive, any decision on Chevron had been made subject to the government of Nicolás Maduro and the opposition returning to the negotiating table in Mexico, which materialized last Saturday, when they agreed to unlock money from Venezuela abroad to increase the social investment.
The Venezuelan Oil Minister, Tareck El Aissami, announced on Tuesday the signing of contracts with the oil company Chevron.
This occurs later that on Saturday the government of the United States will relieve economic sanctions imposed on the Caribbean country, with which the company will be able to resume limited operations of resource extraction.
Through social networks, El Aissami reported on a “successful working meeting” with the president of Chevron Venezuela, Javier La Rosa, and recalled that, in 2023, the company will celebrate 100 years of operations in the country.
Read Also
- Banks detect hints of CRE recovery Aug 11, 2021
- Macron wants a summit in 2023 in Paris for “a new financial pact” with vulnerable countries Nov 20, 2022
- Electoral Observation Mission of the European Union questions that General Zapateiro has not been sanctioned Jun 1, 2022
- The Chinese yuan, at its highest in the last three years against the dollar May 26, 2021
- Draft UN agreement on biodiversity targets conservation, pollution and finance – ISTOÉ DINHEIRO Jul 12, 2021
- Barclays buying $ 3.8 billion Gap card portfolio from Synchrony Aug 27, 2021
- Fed says growth downshifted slightly July-Aug., Cites delta Sep 8, 2021
“In the next few hours, we will sign the contracts to promote the development of mixed companies and oil production, as always we have done so, in the terms established in the Constitution and other Venezuelan laws”, said the official.
The minister added that, after signing these agreements, of which no details are known, it will be time to “produce”.
The above, after closing October with 717,000 barrels per day (bpd), far from the government’s goal, which plans to close the year with two million crude oil a day.
The US explained on Saturday that The authorization prevents the Venezuelan state company Pdvsa from receiving profits from Chevron’s oil sales.
It also allows activity related to the joint ventures of the North American company in the Caribbean country, not other activities with Pdvsa .
According to the Treasury Department, this measure reflects the long-term policy of the United States “to provide targeted sanctions relief”.
The previous one, “based on concrete steps that reduce the suffering of the Venezuelan people and support the restoration of democracy”.