Venezuela “ready” to “supply the market” of world oil and gas

Venezuela at the aid of the world economy? During an event organized on Wednesday, in the framework of the visit to Caracas by Haitham al-Ghais, the Secretary General of OPEC, Nicolhass Maduro, president of Venezuela, said his country was ” ready and willing to fulfill its role and provide, in a stable and safe manner, the oil and gas market that the world economy needs. “.

Nicolás Maduro stated that his government had “ right » its oil industry, whose production had reached historic lows after years of disinvestment and lack of maintenance. Today, it is around 700,000 barrels per day, compared to 2.3 million barrels per day in 2002.

“More than 50 leading gas projects”

Nicolás Maduro asked for a ” fair price, balanced of $100 a barrel and reiterated his appeal to foreign oil companies to produce in Venezuela: We are ready (…) to increase oil production in a gradual and accelerated way, to expand and increase the production of refined products. “. He added: ” Venezuela has more than 50 leading gas projects, with seismic studies carried out and with all the legal guarantees for international investors to come to produce gas in Venezuela and bring it to international markets. »

President Chavista condemned the ” energy crisis generated by the sanctions against Russia, which he described as ” irrational, unjustified and illogical “.

French companies “invite” to come to produce oil and gas

This exit is even more opportunistic since the nuclear negotiations with Iran, according to European diplomacy, are “. in an impasse ” and that it is therefore not about lifting the sanctions against the country and importing gas and oil.

Already at the end of June, Nicolhass Maduro invited French companies to come to his country. “ President Macron! Venezuela is ready to welcome all the French companies that want to come to produce oil and gas “Launched the Venezuelan president on public television. On the sidelines of the G7 summit in Elmau, Germany, the French presidency had mentioned ” resources elsewhere that need to be explored “, looking at the productions of Iran and Venezuela, I believe that ” Venezuelan oil should be able to put it back on the market “.


ZOOM – Nicolhass Maduro, a president contested by France and the United States

The United States and Venezuela broke off diplomatic relations in 2019 after Nicol’s re-electionhass Maduro in 2018 for a second term in a vote boycotted by the opposition. In an attempt to remove the Venezuelan president from power, Washington recognized opposition leader Juan Guaido as interim president, imposing a battery of sanctions on Caracas.

These measures include an embargo from April 2019 that prevents Venezuela from exchanging its crude oil – which then represented 96% of the country’s income – in the American market. Since then, Maduro has received significant support from Russia so that he can continue to export oil despite the punitive measures. Following the United States, France also recognized Juan Guaido as interim president, raising the ire of Nicol.hass Maduro. But the weight of the leader of the opposition has dropped considerably in recent months.

(With AFP)