The United States has again sanctioned the Venezuelan oil industry
reported Mehr news agency, citing Reuters news agency, based on the announcement of the US Treasury Department, Washington on Friday (January 21) sanctions He imposed a new charge against Venezuela’s oil industry, targeting Pedosa CEO Hector Obregón. gives.
Nicolas Maduro, the president of Venezuela, has always condemned the sanctions of the United States and other countries and believes that these illegal measures, which amount to economic war, are designed to paralyze the Venezuelan economy.
While Venezuela’s oil exports increased by 10.5% in 2024 despite political instability and a change in the mechanism of US sanctions against the country, because the partners of the state-owned Venezuelan oil company (Pedosa) with licenses granted by Washington They sent more oil out of this country, a member of the Organization of Petroleum Exporting Countries (OPEC).
As Venezuelan President Nicolas Maduro prepares to begin his third term next week after controversial election results, the South American country’s oil exports rose for a second year in a row. and provided an income to help economic growth.
Deliver crude oil to America, Europe and India with US license to certain joint venture partners and customers Pedusa, including Chevron, Repsol, Enny, Morel And Prom and Reliance Industries are allowed. This July, Washington granted an individual authorization for transparency in oil trade with Venezuela.
This authorization has allowed the production companies to recover millions of dollars in outstanding debt from Venezuela. In light of US actions and separate authorizations issued to some joint venture partners Pedosa, in light of tanker tracking data China was still the main destination of Venezuela’s oil last year, followed by the United States and Europe.
Those gains may be in jeopardy once President-elect Donald Trump takes office. In the first term of his presidency, Trump imposed severe sanctions against Venezuela, and now he has elected officials who can reduce Venezuela’s oil imports from the United States.
Government Joe Biden, the current president The U.S. created incentives to encourage presidential elections in Venezuela, but revoked broad concessions to the energy sector after preconditions for a fair vote were not met. Instead issued individual licenses to companies.
A large part of the export gains in 2024 will be due to Chevron sending shipments of Venezuelan crude oil to America with span style=”text-a..”>Licence Washington emerged.
