Venezuelan President Nicolas Maduro welcomed the move on Wednesday “good direction” Energy giant Chevron has been granted permission by the United States to operate in Venezuela despite sanctions, but has asked for the full lifting of financial restrictions on the country.
The licenses that Washington has granted to Chevron and other companies “They are certainly moving in the right direction, although they are not sufficient for Venezuela’s demands, namely the complete elimination of all unilateral coercive measures against the oil industry.”Nicolas Maduro said during a press conference.
The US government on Saturday authorized Chevron to partially restart hydrocarbon production in Venezuela, minutes after announcing a second one. “Agreement on Partial Social Protection of the People of Venezuela”.. Chevron has been allowed to resume operations at four properties it owns with state-owned Venezuelan state giant Petroleos de Venezuela (PdVSA), although it must ensure the state-owned company does not receive revenue from the sale of its oil.
“Trump’s extremist idea”.criticizes Maduro
This authorization was obtained shortly after the signing of an agreement between the Venezuelan government and the opposition to allocate the three billion Venezuelan dollars frozen abroad by sanctions to social projects. “The idea of removing Venezuela from the global economic cycle was a bad idea, an extremist idea of Donald Trump, and they are paying the price because Venezuela is part of the global energy equation.”President Maduro said.
“No matter who it hurts, we’ve got to be there, we’re an oil powerhouse and we’re going to be a gas powerhouse.”, he added, reminding that just a few days after the start of the war in Ukraine on February 24, Washington, worried about the increase in oil prices, sent a negotiation mission to Caracas. In May, Washington already gave Chevron the go-ahead “negotiate” Its possible resumption of operations in Venezuela represented the first breach of the Venezuelan oil embargo, which Washington imposed in 2019 in hopes of ousting Nicolas Maduro.
Source: Le Figaro
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