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
- Housemarque: the acquisition was disputed, Sony was not the only one interested Jul 3, 2021
- How fast-growing neobank Novo met its customer service challenge Jul 16, 2021
- Honda ST1100 / ST1300 Pan European (1990 – 2016) Sep 6, 2021
- Inflation in August will be around 2.7% and will be the lowest of the year Sep 13, 2021
- Honduras frees Senator Córdoba after being held for undeclared dollars May 27, 2022
- What’s driving the boom in auto refinancing Aug 25, 2021
- Banks can’t afford to miss the buy now / pay later party 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”.