Originally from Havana, Cuba, Dr. Jorge I. Dominguez is a writer and publisher who has taught extensively on international trade and politics. With a strong focus on trends in commerce, Dr. Jorge I. Dominguez keeps a close watch on developments in Latin America.
One major change in US policy regarding Venezuela took place in November 2022, with the government providing Chevron with limited authorization for extracting oil from the economically challenged nation. One major issue was that, taking steps against the regime of President Nicolas Maduro, President Trump had ordered an embargo on Venezuelan oil in 2020. The new agreement, granted under a Treasury Department license, provides Chevron, a California-based oil company, the right to resume pumping from fields on which production was halted years ago. These activities are being undertaken in a joint venture with Petroleos de Venezuela (PdVSA), a nationalized company. With escalating energy needs at a time of war in Ukraine a backdrop, the agreement is also seen as opening doors for other oil companies around the globe to do business with PdVSA. As part of the deal, President Maduro reached an agreement with the opposition coalition, Unitary Platform, to both institute humanitarian reforms and strengthen negotiations on the parameters of democratic elections in the nation once again.
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AuthorJorge Dominguez - Doctor of Political Science. Archives
November 2021
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