Washington pledges to push for a significant increase in Venezuela’s oil production
I pledged Washington is pushing for a significant increase in oil production For Venezuela, following US Secretary of Energy Chris Wright with the acting Venezuelan President Delcy Rodriguez, who expressed her aspiration for a long-term fruitful partnership with Washington.
After the meeting held at the presidential palace in Caracas, Wright said that a boom in Venezuela’s production of oil, natural gas, and electricity would improve the quality of life for all Venezuelans, stressing that the oil embargo on Venezuela has practically ended.
He also stressed that Trump is committed to bringing about a radical transformation in relations with Venezuela.
This visit is the highest level by an official from President Donald Trump’s administration since the lightning military operation. In Caracas on January 3 to arrest President Nicolas Maduro.
The role of the American private sector
The American embassy published on the "The American private sector will play an essential role in strengthening the oil sector, modernizing the power grid, and unleashing Venezuela’s enormous potential"
Later, Wright met Rodriguez, who also holds the oil portfolio, at the presidential palace in Caracas, and they shook hands in front of photographers.
The meeting was attended by the head of the Venezuelan National Oil Company, Hector Obregon, and Venezuela’s diplomatic representative to the United States, Felix Placencia, according to what was announced on Telegram by Venezuelan Minister of Communications Miguel Pérez Perilla.
Wright is scheduled to visit oil fields in Venezuela, according to the US Department of Energy.
The Venezuelan National Oil Company stated in its Telegram account that "These meetings aim to set a constructive and beneficial agenda for the two countries, within the framework of energy sovereignty and historical bilateral relations"
Reviving the oil industry in Venezuela
Trump had confirmed that American oil companies would invest billions of dollars to revive the deteriorating oil and gas industry in Venezuela after years of lack of investment and mismanagement.
He said: "We’ll sell a lot of oil, we’ll take some of it, they’ll take a lot of it, they’ll make huge profits, they’ll make more money than they ever made before, and that will be good for us.".
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