The oil giant Chevron signed this Friday “contracts for the continuation of operations and production activities” in Venezuela, after receiving a license from the United States to partially resume its activities in this country under embargo, the Venezuelan government reported.
“Today we have signed important contracts for the continuation of the operations and production activities of this American company, Chevron, which next April 2023 will celebrate its 100 years of productive presence in Venezuela,” said the Venezuelan minister of Oil, Tareck El Aissami, after signing in an official act.
“We celebrate the signing of these contracts (…) and it is now up to us to honor them with work,” the minister continued.
Chevron received last Saturday an authorization from the United States government to resume its activities in the joint ventures it has with Petróleos de Venezuela (PDVSA), paralyzed in 2020 within the framework of an embargo imposed to pressure the fall of the government of Nicolás Maduro a year before.
The license, valid for six months, was announced after the government and the opposition signed an agreement in Mexico to manage the release of 3,000 million dollars from Venezuela blocked abroad by sanctions, to allocate them to social projects.
The energy giant has four joint ventures with PDVSA – Petroboscán, Petropiar, Petroindependencia and Petroindependiente – which together produce some 50,000 barrels of crude oil per day, according to expert estimates.
Photo: MIGUEL GUTIERREZ
“They will find productive companies, companies that have known how to resist the onslaught of these illegal sanctions that violate international law,” said the minister. “These companies have achieved the miracle together with the oil working class of maintaining their productive capacities and continue advancing in the development plans planned for each one of them.”
The license specifies that the Venezuelan state company does not receive income directly from the sales of the US company.
Venezuela’s production, which two decades ago was 3.2 million bd (mbd), remains stuck at about 700,000 bd this year, according to OPEC. (YO)
Source: Eluniverso
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