This Thursday, The Wall Street Journal (WSJ) published a report, citing sources familiar with the case, claiming that the Donald Trump administration gave the green light for oil exploration to resume in Venezuela, after the activity was suspended last April due to the imposition of sanctions against the country.
According to this information, Últimas Noticias was able to independently confirm, and the scope of the agreement is unknown, that Chevron is regaining oil pumping capacity in Venezuela, where it has facilities that the government has kept operating since the company's involuntary withdrawal.
According to the WSJ, the alleged negotiations reportedly followed recent discussions involving President Trump and Secretary of State Marco Rubio and come amid last week's prisoner exchange that freed the remaining 10 Americans believed to have participated in illegal activities in Venezuela.
"Chevron conducts its business globally in compliance with the laws and regulations applicable to its business, as well as the sanctions frameworks provided by the United States government, including in Venezuela," said Chevron spokesman Bill Turenne.
The decision represents a shift from the hardline measures taken by the Trump administration and suggests a recalibration of the administration aimed at balancing energy interests with current foreign policy challenges involving the Venezuelan government.
The White House did not immediately respond to a request for comment, the WSJ reported. According to two people familiar with the terms of the agreement, no royalties or taxes would be paid to the Venezuelan government, though details remained unclear.
The contacts between Washington and Caracas have been evidenced by the negotiations in which Venezuela released 10 US mercenaries in exchange for the US ordering El Salvadoran President Nayib Bukele to release 252 Venezuelans held captive there from the CECOT concentration camp, where they suffered torture and abuse.
Good news for Venezuela and the United States, both win as good partners.
IT HAS TO DO IT. IT HAS NO OIL. ITS CONSUMPTION IS VERY HIGH. AND IT HAS LOW PRODUCTION.