Venezuela’s relations with the transnational Chevron are viewed positively

Venezuela’s relations with the transnational Chevron are viewed positively

In a published press release, the pro-government MP announced that two tankers carrying 500,000 barrels of oil recently spilled from Venezuelan ports onto US territory.

According to the legislator, this aroused the interest of other transnationals from Asia, Europe and America to also want to invest in the South American state.

He said it was important to lift the North American government’s sanctions against the Bolivarian state, which authorities say have totaled 928 unilateral sanctions over the past seven years, costing $232 billion.

The American company Chevron and the government of Venezuela signed important contracts in Caracas on December 2, which will keep the company operating and producing oil in the country.

Sector Vice President for Economy Tareck El Aissami pointed out at the time that the agreements were enshrined in the Bolivarian Republic’s constitution and Venezuelan laws that regulate national oil activities.

He assessed the signing of these contracts as an important step in the right direction, but still insufficient, and reiterated that Caracas would demand “the immediate cessation and lifting” of all unilateral coercive measures threatened by the state-owned company Petróleos de Venezuela.

Rodríguez also reported on the ratification of the directors and members of the subcommittees of the commission he chairs, indicating that for the current session they will be working on the Renewable and Alternative Energy Law, the Critical and Strategic Minerals Law and that of Hydrogen.

He commented that the South American nation has a number of critical and strategic minerals that are not subject to legislation.

Regarding the hydrogen law, he indicated that they will spark a debate to promote it along with other regulations preparing for the transition from fossil fuels to hydrogen in the country’s vehicle fleet, he added.

He announced that as part of the consultation process, they will involve public and private national universities, personnel from the country’s academic community, and the business community related to the issues discussed.