USA warned this Thursday the Government of Nicolás Maduro in Venezuela that his patience is not “infinite” and threatened to intensify sanctions on Venezuela if he does not return to negotiations with the opposition in Mexico City, which were interrupted last year.
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“Nicolás Maduro is making a serious mistake if he thinks that our patience is infinite and that delaying tactics are going to help him,” Brian Nichols, Undersecretary of the Department of State for Latin America, told the Senate Foreign Relations Committee.
The United States government reiterated the announcement it had made at the end of August when it insisted that it needs to see Maduro’s good faith with the opposition in the talks that began in August 2021 in Mexico and still have no date to resume.
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“We have long made it clear that we would review our sanctions policies in response to steps that would be constructive if the Maduro regime and the Venezuelan parties achieved significant progress in the Venezuela-led negotiations in Mexico,” the spokesman for the Venezuelan government said at the time. State Department, Ned Price, at a press conference.
“At the same time, we have also made it clear that we will review our sanctions stance in the event that the Maduro regime, on the other hand, does not negotiate in good faith or honor those commitments,” he added.
Maduro claims to be able to supply world oil demand
Venezuela is “ready and prepared” to “supply the world oil and gas market,” said Wednesday the President Nicolas Madurowhich condemned the crisis generated by the “irrational” sanctions against Russian crude after the invasion of Ukraine.
“Venezuela is ready and prepared to fulfill its role and supply the oil and gas market with the oil and gas that the world economy needs in a stable, safe manner,” the president said in an act on the occasion of the visit to Caracas. OPEC Secretary General Haitham al-Ghais.
Maduro indicated that his government has been “substantially recovering” the oil industry, whose production fell to historic lows after years of disinvestment and lack of maintenance. Today it is around 700,000 barrels per day when it was 3.2 million per day in 2002.
A US embargo weighs on Venezuelan crude since 2019after Washington ignored Maduro’s re-election a year earlier.
However, the government of President Joe Biden has made approaches to relax these sanctions at a time when prices are soaring due to the war.
The president condemned the “energy crisis” generated by the measures against Russia, which he called “irrational, unjustified (and) illogical.” Russia, Europe’s biggest supplier, sharply cut its gas supplies, sparking fears of shortages and rising prices.
Maduro advocated a “fair, balanced, already assimilated price” of $100 a barrel and reiterated his call for foreign oil companies to produce in Venezuela. “We are ready (…) to progressively and rapidly increase oil production, to expand and increase the production of refined products.”
“Venezuela has a portfolio of more than 50 first-rate gas projects with seismic studies done and with all the legal guarantees so that international investors” come to “produce gas in Venezuela and take gas to international markets,” he insisted. . Al-Ghais pointed out that OPEC faces “more serious, more critical” challenges than it did 62 years ago when it was founded.
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