Nicolás Maduro announced that the USA officially authorized the Return of Operations of the American oil Chevron in Venezuelan territory. The information, however, has not yet received confirmation from the White House.
The decision represents a possible significant change in US politics in relation to Venezuela. During the previous government, licenses for Chevron’s performance in the South American country were not renewed, as part of a strategy for reduce the financing of the Venezuelan regime.
Impact on the oil sector
The possible authorization for Chevron resuming its activities in Venezuela may have significant impacts on the oil sector in the region. Venezuela has one of the largest oil reserves in the worldand the presence of international companies is crucial for the development of the sector.
The announcement comes in a moment of global discussions about energy sources and oil supply, and may represent a reconfiguration in trade relations between the two countries in the energy sector.
