US EditionWhat could Maduro offer Trump in potential talks? Oil
Maduro may leverage crude oil cargoes and operating licenses to attract foreign investment amid U.S. sanctions while more than 80% of exports currently go to China, analysts say.
- Venezuelan President Nicolás Maduro could offer crude oil cargoes and operating licenses as bargaining chips, while the U.S. administration signals openness to talks amid increased regional pressure.
- With U.S. sanctions suspending most long-term contracts, PDVSA sold on the spot market, and shipments to China rose to over 80% this year.
- Production has stabilized this year around 1.1 million barrels per day, and exports to the U.S. under Chevron's license fell in Q3 to half the Q1 volume, while U.S. refiners demand heavy crude.
- On Monday the U.S. designated the Cartel de los Soles a foreign terrorist organization, increasing pressure on Maduro amid preparations for further operations, while analysts warned the oil offer might not be enough.
- Reincorporating more flexible U.S. operating licenses could enable exports to the U.S. and Europe, but Western energy firms remain reluctant after expropriations and sanctions, while Venezuela's opposition says massive changes are needed to restore production to two decades ago.
13 Articles
13 Articles
A question hovers over a Washington these days in pause for the great celebration of Thanksgiving and a tense Caracas before the prospect that the United States will fulfill its threat to intervene militarily in Venezuela: Will Presidents Donald Trump and Nicolás Maduro speak, as slid the first Tuesday in statements to the press? And while that doubt is cleared, this other one arises: What could Maduro offer to the tenant of the White House to m…
Could Oil Be Maduro's Ticket to a Deal with Trump?
Venezuelan President Nicolas Maduro may use crude oil shipments, mainly sold to China, as leverage in potential negotiations with the U. S. President Trump’s administration has increased military presence in the Caribbean and is open to talks with Maduro, whose government is struggling to attract foreign investments in its oil sector due to U. S. […] The post Could Oil Be Maduro’s Ticket to a Deal with Trump? appeared first on Modern Diplomacy.
More than 80% of Venezuelan oil goes to #China, but #Maduro would be willing to move it towards the US, as part of negotiations with #Trump.
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