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Venezuela and Chevron sign contracts to continue oil production

Venezuelan President Nicolas Maduro Calls US Allowance for Energy Giant Chevron to Operate in the Caribbean Country a Step in the “Right Direction” | Font: AFP

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Government Venezuela and an American company Chevron signed contracts this Friday in Caracas to continue joint oil production in the Caribbean country, which will be made possible by the lifting of US economic sanctions.

Oil Minister Tarek El Aissami noted the signing of “important contracts,” which he did not give details, that were signed by various officials, including Venezuelan state PDVSA president Asdrubal Chavez and Chevron president. in the country, Javier La Rosa.

Last Saturday, the United States government announced it was allowing Chevron to resume limited natural resource operations in Venezuela as a result of renewed dialogue between Nicolás Maduro’s government and the opposition in Mexico after a year. suspended. .

They demand an end to and abolition of unilateral coercive measures

El Aissami explained that these contracts are intended to “continue production and development activities in this energy sector” and are “formalized” within the framework of the Constitution and the laws of Venezuela governing oil activities.

However, the minister assured that while it was an “important step in the right direction”, it was still “not enough” due to the continued economic sanctions, which, he confirmed, affected the “powerful Venezuelan oil industry”. and have “their legal right to explore, exploit, refine and commercialize crude oil and its derivatives.”

“As President Nicolas Maduro stated, since then Venezuela We demand the cessation and immediate lifting of all unilateral coercive measures against our powerful PDVSA industry, (…) which have caused serious damage to both the national economy” and “strategic partners,” the official said.

Chevron is part of a “strategic partnership” in Venezuela consisting of four joint ventures: Petroboscán and Petroindependiente in the state of Zulia (northwest); and Petropiar and Petroindependencia in the Orinoco oil belt, in the eastern part of the country, which has the largest proven oil reserves.

(EFE)


Source: RPP

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