ExxonMobil, the US oil company, withdrew from Venezuela 20 years ago. According to sources close to the matter, the firm is in talks with the government of the South American nation to obtain licenses and contracts to operate six oil fields.

According to meetings between the parties, an agreement for the oil company’s return to Venezuela could be reached this May.

The company has been cautious regarding any negotiations since January 3, when it referred to Venezuela as a “non-investable” country.

However, with the passage of time, and thanks to the licenses granted by Donald Trump to the hydrocarbon sector, ExxonMobil seems willing to reconsider potential exploration opportunities in Venezuela.

M.Pino

With information from national and international media and social networks

(Reference image source: Raymond Kotewicz on Unsplash)

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La entrada ExxonMobil negotiates return to Venezuela apareció primero en Bitfinance.

The Senior Vice President of the US oil company ExxonMobil, Jack Williams, indicated last week that the company is considering sending a technical team to Venezuela to study the conditions for a possible return to the country.

The executive stated that this decision “will depend on the investment environment and the establishment of solid and lasting legal guarantees that protect assets and invested capital.”

Exxon could send the team in the coming weeks, once the necessary logistical and security preparations for the visit are completed. In this regard, Williams stated that “the corporation is in talks with Venezuelan authorities while evaluating the conditions for a possible resumption of operations.”

The oil company’s position is cautious regarding new investments in Venezuela, and for this reason, it requires “solid and lasting legal protection mechanisms before committing capital again.”

The shift in relations between the United States and Venezuela is one of the factors that has encouraged the oil company to consider restarting activities in the South American country to contribute to its energy development and growth.

 

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Una publicación compartida por Noticia al Día (@noticiaaldia)

M.Pino

Source: elnacional

(Reference image source: Raymond Kotewicz on Unsplash)

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La entrada ExxonMobil considers return to Venezuela apareció primero en Bitfinance.