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Oil: Venezuelan President Maduro pleads for a complete lifting of sanctions

2022-11-30T20:22:14.993Z

The US government has allowed energy giant Chevron to partially resume hydrocarbon extraction in Venezuela.



Venezuelan President Nicolás Maduro on Wednesday hailed as a step in the

"right direction"

the United States' authorization of energy giant Chevron to operate in Venezuela despite sanctions, but pleaded for the full lifting of restrictions. financial restrictions imposed on his country.

The licenses that Washington granted to Chevron and other companies

“are undoubtedly going in the right direction, although they are not sufficient for what Venezuela demands, namely the complete lifting of all unilateral coercive measures. on the oil industry,”

Nicolás Maduro told a press conference.

Read alsoVenezuela: Washington eases sanctions after an agreement between Maduro and the opposition

The US government on Saturday authorized Chevron to partially resume its hydrocarbon extraction in Venezuela minutes after the announcement of a second

“partial social protection agreement for the Venezuelan people”

.

Chevron has been allowed to restart operations at the four businesses it owns with state-owned Venezuelan giant Petroleos de Venezuela (PdVSA,), although it must ensure the state-owned company receives no revenue from its sales of oil.

“An extremist idea of ​​​​Trump”

, castigates Maduro

This authorization came immediately after the signing of an agreement between the Venezuelan government and the opposition for the release of three billion Venezuelan dollars frozen abroad by the sanctions, in order to allocate them to social projects.

“The idea of ​​taking Venezuela out of the global economic circuit was a bad idea, an extremist idea by 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 have to be there, we are a major oil power and we are going to be a gas power

,” he added, recalling that just days after the start of the war in Ukraine on 24 February, Washington, worried about rising oil prices, had sent a negotiating mission to Caracas.

In May, Washington had already allowed Chevron to

“negotiate”

its possible resumption of operations in Venezuela, which represented a first breach of the embargo on Venezuelan oil imposed by Washington in 2019 in the hope of ousting Nicolás Maduro. .

Source: lefigaro

All news articles on 2022-11-30

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