A reimposition of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity, analysts and executives said. Washington this week ordered a wind down of all business transactions between U.S entities and Venezuela's state miner Minerven, and said it would unwind in April its easing of energy sanctions if President Nicolas Maduro's administration does not stick to an agreement signed last year to accept conditions for a fair presidential election. The U.S. is increasing its pressure since the South American country's top court last week upheld a ban blocking the leading opposition hopeful, Maria Corina Machado, from the election.
A reimposition of
U.S. sanctions on Venezuela s oil and gas sectors would hurt the
OPEC country s ability to collect cash from its oil exports,
crimp new energy investments and raise the risks of.
A reimposition of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity, analysts and executives said. Washington this week ordered a wind down of all business transactions between U.S entities and Venezuela's state miner Minerven, and said it would unwind in April its easing of energy sanctions if President Nicolas Maduro's administration does not stick to an agreement signed last year to accept conditions for a fair presidential election. The U.S. is increasing its pressure since the South American country's top court last week upheld a ban blocking the leading opposition hopeful, Maria Corina Machado, from the election.
In 2024, energy investors interested in Latin America will likely find the most attractive opportunities linked to developments in Argentina, Brazil, Guyana, Mexico and Venezuela. That’s if they can hold their nerves amid ongoing uncertainties mainly tied to politics in many of the countries.
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