Venezuela: After “partial agreement” between power and opposition, United States alleys oil embargo

The representatives of Caracas and the opposition have reached a stage agreement in terms of social protection.

mo12345lemonde with AFP

The power and the opposition of Venezuela signed on Saturday November 26, in Mexico City, a “partial agreement” which immediately resulted in a reduction in American oil sanctions towards the Caracas regime. This dialogue represents “a hope for all of Latin America” ​​and “the triumph of politics”, praised the Mexican Minister of Foreign Affairs, Marcelo Ebrard. The talks had been interrupted for fifteen months.

The representatives of Caracas and the Venezuelan opposition have reached a stage agreement “in matters of social protection”, which will notably make it possible to release Venezuelan resources blocked abroad in order to finance social projects.

Economic crisis

The opposition continues to claim solutions from the “humanitarian crisis”, “respect for human rights” and guarantees for “free and observable elections”, the unit platform said on Thursday. There is no consensus on these elections, which should take place in 2024, according to a source close to the file consulted Thursday by the France-Presse agency. The opposition accuses Mr. Maduro of having been re-elected in 2018 in a fraudulent manner.

Poverty affects eight out of ten people in Venezuela, according to the national survey of the living conditions published at the beginning of the month. Seven million Venezuelans have left their country due to the political and economic crisis, especially since the death of Hugo Chavez in 2013.

The dialogue opened in August 2021 in Mexico City, after attempted attempts in 2018 and 2019. Nicolas Maduro suspended the talks two months later, after the extradition in the United States of Alex Saab , a Venezuelan businessman close to the power prosecuted for money laundering.

compensate for Russian oil

Consequently of the “partial agreement”, the Department of the US Treasury authorized, in a press release, the oil giant Chevron to partly resume its oil extraction activities in the country, by relaunching its co -entreprise owned in Partnership with the public company Petroleos de Venezuela (PDVSA).

In May, Washington had already allowed Chevron to “negotiate the terms of potential future activities in Venezuela”, which represented a first sprain in the Venezuelan oil embargo imposed by Washington in 2019 in the hope of ouster Nicolas Maduro and his socialist regime.

The United States is looking for new hydrocarbon resources to compensate for the loss of Russian crude crude as a result of sanctions in response to the war in Ukraine. Now Venezuela would have among the most important oil reserves in the world, according to experts.

/Media reports cited above.