Venezuela’s Oil Comeback Faces a Reality Check
9 Articles
9 Articles
The capture of Maduro by the United States marked a new course for Venezuela, passed from chavism to Delcy Rodriguez, who opened the doors to Donald Trump. Or rather, he signed agreements coordinated by the secretary of the US Energy for the sharing of energy resources in the oil, petrochemical, gas and electric sectors with five foreign companies: Chevron, Eni, GE Vernova, Primavera and Aspect Holding. The relationship with the US, after the en…
Washington’s Oil Takeover of Venezuela
Eight months after U.S. forces captured Nicolás Maduro, Washington’s involvement in Venezuela has moved far beyond politics. The United States is now gaining a direct economic stake in the country’s oil industry, turning what began as a military and political intervention into something that could last for decades. At the center lies a new agreement […]
Venezuela’s oil comeback faces a reality check
The Trump administration’s new Venezuela oil agreement faces significant challenges in delivering the rapid production increase it envisions, Bloomberg reports. The deal covers 17 oil fields and North American Blue Energy Partners, or NABEP, aims to more than double crude production, adding about 300,000 barrels per day within just over two years. Industry executives and […]
Economy: Directly, United States President Donald Trump highlighted the military operations and recent political developments in Venezuela, confirming the release of hundreds of political prisoners from Venezuelan prisons...
The success of the multi-million-dollar oil agreement between the Trump administration and Venezuela depends on fields that are aged, damaged or costly to exploit.
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