Chevron, the US flag hydrocarbons, has remained operating in the country, as successor to other predecessors for more than a century.
The expropriations to oil companies and the change in the conditions of participation and exploitation management to the originally scheduled, forced the departure of other companies of the same specialty and nationality.
Leaving Chevron as the only American in the country.
When changing the conditions, also Russian, European and Asian companies that operated, decreased to a minimum, their investments and some abandoned the country.
Chevron with vision of the long -term business, remained and remains, under the new conditions.
The permanent discussion of maintaining sanctions is centered, on this company, and not on the European ones, due to being the only one of this nationality.
Extreme political positions that lie in Venezuelan political polarization and its leaders. Inside and outside the country.
It seems that political opposition believes that the permanence of oil sanctions can accelerate a process of political change.
When the reality is that it is a result, it shows that the end sought has not been achieved, nor proven, but has seriously harmed the economy, the population and the private sector in general.
It seems not to take into account that the characteristic of a country, how Venezuela, where most natural resources are owned by the State, makes it mandatory to negotiate with it.
The license granted is for 6 months, automatically extendable on day 1 in each month for six months.
This formula was determined, due to inoperativeness, of not being able to stop the oil activity overnight.
That is, if Chevron is not renewed by the license, they have 6 months to reorganize against the new suspensory decision.
It is important to note that the previous licenses, only allowed him to maintain their assets and now cannot invest, applying the excesses of cash flow.
The increase in production to 200,000 thousand barrels has been through the use of the excesses of the cash flow, once the gift, the tax and discounted part of the debt is paid.
That the first of February has not been suspended the license, it means that it will be operating normally for six months, until July of this year, but this is repetitive month by month, that is, if there is no opposite decision, on March 1, It will be extended for six more months and so on.
This makes it an irregular and inconvenient situation, operating under uncertainty.
Reducing plan for medium and long term.
It must be remembered that the US, today, is the world’s largest oil producer with 13,400,000 barrels day and with the support of Trump’s new government, will focus on raising production by pointing out the self -sufficient.
With new programs to drill by eliminating environmental limitations and federal lands.
Venezuela if it sends 200 thousand barrels day, it only represents 1% of the US needs.
The really important thing about Venezuelan production is the type of crude, because it is consistent with the refining pattern of the Gulf refine that were designed for the type of Venezuelan crude.
While our crude oil reserves, the largest in the world, are still waiting to be exploited.
Without a doubt, we require the presence of Chevron, as well as other international operators, to create work and produce wealth with benefits to the country.
@eromeronava
