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This Saturday, the same day that the Venezuelan opposition and the government of President Nicolas officially resumed political talks, the US Treasury Secretary said it was going to allow Chevron – the country’s second-largest oil company – to resume oil extraction. In Venezuela.
With the measure, Chevron and its subsidiaries will be able to resume limited oil exploration and exploitation activities, as long as the Venezuelan state oil company, PDVSA, receive no profit of the activities of the American company.
“This action reflects the long-standing policy of the United States to provide specific sanctions relief based on concrete measures that alleviate the suffering of the Venezuelan people and support the restoration of democracy,” he said in a statement from the Treasury Department.
However, the United States continues to maintain in force most of the penalties.
Meanwhile, the dialogues between the opposition and the representatives of the Maduro government were officially launched in Mexico City with the signing of what they called a “social protection” agreement that they had discussed beforehand, partly in response to the recent flooding in Venezuela.
The main objective of the agreement is the recovery of around US$3,000 million that sThey are frozen in banks of the international systemthe root of the chain of sanctions that various countries imposed to try to bring about the end of the current government in Venezuela.
The US Treasury Secretary’s statement also says that the announcements made from the Mexican capital about Venezuela “are important steps in the right direction to restore democracy in the country.”
The host of the event, Mexican Foreign Minister Marcelo Ebrard, said that the signing of the agreement was “a hope” for Latin America while in a joint statement, the United States and the European Union urged negotiators to commit “in good faith” towards a comprehensive agreement leading to “free and fair” elections.
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