Venezuela's Oil Cradle Pins Hopes on US Energy Deals
7 Articles
7 Articles
Radio France Internationale
rtl.luVenezuela's oil cradle pins hopes on US energy deals
More than a century after sparking an oil boom that transformed Venezuela, the small town of Mene Grande is again in the sights of investors. The United States has claimed a 20 percent stake in Venezuela's vast oil reserves -- including many local oil fields -- raising hopes of a revival. Finding oil here is easy. "Instead of water, oil comes out," said retired military officer Hector Valero Balestrini, gesturing toward a hillside where crude oo…
More than a century after having triggered an oil boom, the small town of some 27,000 inhabitants is once again in the investors' sights, which raises "many expectations." Washington reached an agreement to control 20% of Venezuela's oil reserves, which also includes fields in the rich oil strip of Orinoco, whose details are unknown because they are protected by secrecy. Mene Grande is in the Maracaibo Lake Basin (Zulia State, West) where findin…
More than a century after an oil boom that has transformed Venezuela, Mene Grande, a small town with less than 30,000 inhabitants located near Lake Maracaibo (west), finds itself again in the investor viewfinder.#IMGLP-2-#Less...
An agreement announced by the United States to boost the exploitation of Venezuelan oil raises questions about the fate of the resources and the legitimacy of those involved in the business. The project contemplates investments for tens of billions of dollars and a significant share of Venezuela’s oil reserves. However, the agreement is questioned by opposition sectors and transparency organizations due to the lack of clarity about their conditi…
Specialists analyze the scope of the proposal promoted from Washington and point out the legal and sovereignty conditions for its eventual application
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