US EditionVenezuela’s Oil Industry: Resilience Amidst US Sanctions
9 Articles
9 Articles
In the midst of a global energy landscape marked by geopolitical tensions, trade wars, unilateral sanctions and an increasingly politicized energy transition, the Organization of Petroleum Exporting Countries (OPEC) and its partners face challenges that require a strategic redefinition of substance. In this context, President Nicolás Maduro recently announced the sending of a letter to the heads of State of OPEC+ member countries with the aim of…
Caracas. Venezuela is 10 years old under the scourge of a system of sanctions implemented by the United States to force the exit of President Nicolás Maduro. One of the aspects of this history that is little known is that of the efforts and actions that the State and organized communities throughout the nation have developed in the face of the blockade. It is a multiform aggression, for a decade the country has received intense attacks on severa…
The spectre of mass layoffs in Venezuela's national oil industry again haunts thousands of workers after the completion on May 28 of the ultimatum of the withdrawal of multinationals that have been threatened with sanctions by the United States, such as Chevron, Repsol, ENI and Maurel and Prom for operating in the country, which thus opens up to the black market and oil smuggling. The long and sad faces of the workers, who are the first to be la…
Venezuela’s Oil Industry: Resilience Amidst US Sanctions
Venezuela, home of one world’s largest oil reserves, has long been a key player in the global energy market. However, years of U.S. led economic sanctions have severely impacted its oil sector, restricting production, exports, and foreign investment. Despite these challenges, the Venezuelan government has maintained a steadfast commitment to revitalizing its oil industry while simultaneously pushing for economic diversification to reduce depende…
The spectre of mass layoffs in Venezuela’s national oil industry again haunts thousands of workers after the completion on May 28 of the ultimatum of the withdrawal of multinationals that have been threatened with sanctions by the United States, such as Chevron, Repsol, ENI and Maurel and Prom for operating in the country, thus opening up to the black market and smuggling of oil. By ABC DE ESPAÑA The long and sad faces of the workers, who are th…
The president of the Chamber of Venezuelan Manufacturers of Automotive Products (Favenpa), Omar Bautista, pointed out that the entry of imported products impedes the recovery of the market in its entirety, in addition to other problems that the sector suffers in the country that causes the products not to be competitive internationally. However, he highlighted the program of incorporation [...] The entry Automobile industry drives national produ…
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