Ruptly
"Venezuela's acting president Delcy Rodriguez on Tuesday repeated calls for the United States to lift sanctions during talks with US Assistant Secretary of Energy Kyle Haustveit, as the two countries deepen energy ties. She said leading US firms are interested in Venezuelan crude and praised local workers for sustaining the industry despite sanctions. "We have been receiving different groups of companies, including the largest, such as Conoco and Exxon, and yesterday we signed with Chevron. We have been listening to all the companies, their views, and their recommendations," she said. "I am very pleased that you can come to the country and see first-hand the reality of Venezuela, the determination of the workers in our hydrocarbons industry, who have borne a very heavy burden due to the sanctions," she added. Rodriguez said lifting sanctions is crucial for Venezuela to fully develop its oil industry and attract global investment. "We urged President Trump to lift sanctions on Venezuela so that investment can move forward in full. Investors need legal certainty because the details always matter," she said. "I believe the United States and Venezuela have reached a level of maturity that allows them to build energy ties, broader economic relations and practical cooperation within the framework of both countries' laws. That is the path we should follow," she emphasised. This comes after US company Chevron and Venezuela's state-owned Petroleos de Venezuela (PDVSA) signed a new agreement on Monday aimed at increasing oil production in the Latin American country as part of Venezuela's opening to foreign investment. Chevron has been operating in Venezuela for more than a century, since 1923, making it one of the foreign companies with the longest track record in the country’s oil sector."
Go to News Site