PDVSA and Chevron signed this Friday, December 2, a series of contracts to develop joint projects in their joint ventures. The terms of these agreements were not disclosed by the Minister of Petroleum Tareck El Aissami at the ceremony held at the state company
Four contracts were signed by the representatives of the Ministry of Petroleum, Pdvsa and Chevron Venezuela to start operations in their four joint ventures: Petroboscán, Petroindependiente, Petropiar and Petroindependencia. Tareck El Aissami, Minister of Petroleum, indicated that the signed documents are framed in the Constitution and the laws, however, He did not give details about the agreements reached.
“The Chevron company is part of a strategic partnership of four mixed companies: Petroboscán and Petroindependiente in the Lake Maracaibo basin in Zulia, and Petropiar and Petroindependencia in the Orinoco Oil Belt. The purpose of these contracts is to continue with productive activities and development of the energy sector,” said El Aissami this Friday, December 2, from the Simón Bolívar Room at the headquarters of the state oil company.
The contracts were signed by El Aissami, as well as by the president of Petróleos de Venezuela, Asdrúbal Chávez, and the president of Chevron in Venezuela, Javier La Rosa.
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The also sector vice president of Economy stated that these agreements are “of the utmost importance for the country and the world. You (Chevron) are going to find productive companies who have been able to resist the sanctions, who have achieved the miracle together with the working class to continue with the plans for the development of the oil industry.
On the other hand, it is unknown if these contracts will be sent to the 2020 National Assembly for approval. As will be recalled, the Venezuelan Constitution establishes that any agreement of national interest must be authorized by parliament.
According to the OFAC license, Chevron will not be able to make royalty and tax payments to the Venezuelan Treasury for its oil operations, a decision that several analysts have criticized since the country’s Magna Carta requires that these companies must comply with their tax commitments.
On November 26, the United States issued an extended license that allows Chevron Corp. to import oil or petroleum products produced by its companies in Venezuela, after the Venezuelan government and the opposition said they would resume political talks.
«We repeat that this is an important case and it is in the right decision (the US license to Chevron), but it is still insufficient. From Venezuela we have demanded the lifting of sanctions, which have attacked our PDVSA industry. They have affected our strategic partners who make a living within the Venezuelan oil industry,” said El Aissami.
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He reiterated that the country has always been open to foreign investment and “we are part of an equation for the global energy balance, especially in these complex times, where energy sources are vitally important for the development of life. Venezuela is irreplaceable, because I mean the country with the largest oil and gas reserves in the world.”
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