The United States began sales of Venezuelan oil last week, for approximately $500 million, as part of a $2 billion agreement between Caracas and Washington.

According to Reuters, “the proceeds are held in banks under U.S. supervision and Qatari jurisdiction. This Arab country acts as a neutral ground to prevent seizures, ensuring that the funds are managed in accordance with the orders issued by Washington.”

US President Donald Trump had already detailed that the plan includes the sale of up to 50 million barrels in collaboration with US companies.

Trump said he spoke with Venezuela’s interim president, Delcy Rodríguez, about key issues such as “oil, trade, and national security, projecting that Venezuela will soon be great and prosperous again.” He clarified, however, that the money destined for the South American nation will be used “exclusively to purchase products manufactured in the United States, at the discretion of his administration.”

It is important to remember that the United States is facilitating the entry of various trading companies into Venezuela for their participation in the oil industry, “reaffirming its strategy of control over natural resources and the stabilization of the region.”

M.Pino

Source: tribuna

(Reference image source: Raff Liu on Unsplash)

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Amazon has unveiled its latest ambition in the energy sector, by partnering with Energy Northwest for the construction of four nuclear reactors, with a capacity of 320 megawatts.

The technology company wants to take this step in order to have its own reactors to power its data centers and reduce its carbon footprint. But also to supply energy to some 200,000 homes at the Columbia Generating Station in Richland.

As part of this initiative, “Amazon will lead a $500 million investment in X-energy, a startup dedicated to the development of small modular nuclear reactors. These reactors are designed to be more efficient and economical than traditional models.”

With this investment, the American company wants to become “a pioneer in the adoption of nuclear energy in the technology sector.” If successful, eight reactors could be added to the project for a total of 960 megawatts, which is equivalent to supplying 700,000 homes.

Amazon wants to be part of the trend in the energy sector of building small modular reactors (SMR) as tools to offer clean energy continuously and efficiently. “Unlike renewable energy sources such as solar or wind, nuclear energy does not depend on weather conditions, which guarantees a constant supply of electricity.”

Given that X-energy does not have the necessary permits from the US Nuclear Regulatory Commission, it is estimated that the first reactors will not be operational until at least 2030.

Amazon’s financial support for nuclear energy is expanding to Virginia, where it is financing the construction of a nuclear plant in collaboration with Dominion Energy. The project is aimed at responding to the energy demand in Virginia, which, according to Dominion Energy, will double in the next 13 years. In this regard, they want to build more reactors at their plant on the North Anna River, which could help meet this growing demand.

M.Pino

Source: revistamercado

(Reference image source: Lukáš Lehotský in Unsplash)

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