Venezuelan president meets with U.S. oil company over economic sanctions
Venezuelan President Nicolas Maduro met with top executives of U.S. oil giant Chevron to discuss the impact of economic sanctions imposed by Washington, state oil company Petroleos de Venezuela (PDVSA) said on Tuesday, APA reports quoting Xinhua.
Maduro spoke with the president of Chevron Africa and Latin America Exploration and Production, Clay Neff, and Ali Moshiri, adviser to Chevron's CEO, to explore mechanisms that will lead to a continuation of the relationship between PDVSA and the U.S. firm, despite the sanctions.
The sanctions throw a wrench into joint operations "that had been developing very successfully," said PDVSA, which the sanctions directly target.
Maduro let Chevron know Venezuela is interested in preserving its "commercial ties" with the firm and "the Venezuelan state is interested in conserving foreign investment in the country," the company said. [ Following the announcement of the sanctions, Maduro called for a meeting with various U.S. companies that do business with Venezuela, saying that U.S. investors with significant investments and interests in oil, gas and other businesses are also affected.
On Aug. 25, U.S. President Donald Trump signed an executive order that "prohibits dealings in new debt and equity issued by the government of Venezuela and its state oil company" and also prohibits "dividend payments" to the South American country's government.
In announcing the sanctions, the White House said that these "measures are carefully calibrated" to deny the Maduro government "a critical source of financing" to maintain its rule.
Related news releases
- 23.06.2018Operation desert storm memorial to be built in Washington, DC
- 23.06.2018Trump urges Republican lawmakers to drop immigration bill until election
- 22.06.2018Trump prolongs sanctions against North Korea for another year
- 22.06.2018Venezuela to back OPEC + decisions aimed at stabilization of oil price
- 22.06.2018Pentagon asked to house up to 20,000 migrant children
- 22.06.2018US House rejects conservative immigration bill
- 21.06.2018Trump signs order halting separation of families
- 20.06.2018House to vote on Thursday on immigration bills
- 20.06.2018US withdraws from UN Human Rights Council
- 19.06.2018US, Russian top diplomats discuss Syria over phone
- 19.06.2018Trump orders creation of US 'Space Force'
- 17.06.2018Argentina to replace energy and production ministers
- 16.06.2018At least 17 dead in Venezuelan nightclub after tear gas blast
- 16.06.2018Kushner, Haley hold talks with UN chief on humanitarian needs in Gaza
- 16.06.2018U.S. warns Americans of terrorism threat at World Cup in Russia
- 16.06.2018Trump supports Republican immigration bills in U.S. House: White House
- 16.06.2018U.S. judge sends ex-Trump campaign head Manafort to jail pre-trial
- 16.06.2018Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back
- 15.06.2018Trump tells G7 leaders that Crimea is Russian
- 15.06.2018Pompeo says North Korea sanctions to remain until complete denuclearisation
- 15.06.2018UN calls for vital port of Hudaydah to stay open
- 15.06.2018Nicaragua president's foes stage nationwide strike
- 15.06.2018DoD Chief Mattis Discusses With S Korean Counterpart Results of Singapore Summit
- 15.06.2018US forces conduct airstrike in Libya, manage to kill one terrorist
- 14.06.2018Facebook's chief of communications, policy to step down
- 14.06.2018Norwegian politicians nominate Donald Trump for Nobel Peace Prize
- 14.06.2018UN votes to condemn Israel's 'excessive force' against Gaza Protests
- 14.06.2018Top White House officials planning to quit
- 14.06.2018Volcanic ash forces Guatemala airport to suspend operations
- 14.06.2018Trump says summit removed North Korean nuclear threat
- 14.06.2018Antarctic thaw quickens, trillions of tonnes of ice raise sea levels
- 13.06.2018Trump, Iran spar over oil prices ahead of OPEC meeting
- 13.06.2018Trump says no war games while North Korea negotiates in good faith
- 13.06.2018New US sanctions will have no effect - Russia’s Foreign Ministry
- 13.06.2018Kim Jong-un, Donald Trump accept each other's visit invitations
- 12.06.2018UN Sec Gen: implementing agreements by US, North Korean leaders requires patience
- 12.06.2018US must sustain maximum economic pressure on Pyongyang - House Speaker
- 12.06.2018Trump top economic adviser suffers heart attack moments before Trump-Kim Summit
- 12.06.2018US sanctions new Russian entities over cyberattacks
- 12.06.2018US extradites former Panamanian president
- 06.09.2017US: Fed Vice President Fischer resigns
- 06.09.2017Military option for North Korea not first choice: Trump
- 07.09.2017Hurricane Irma lashes Caribbean, Florida braces for hit
- 06.09.2017UN secretary-general urged Myanmar to give Rohingya people legal status
- 06.09.2017Washington confident in legality of closing Russiand diplomatic properties
- 06.09.2017U.S., Canada, Mexico ministers say progress made in updating NAFTA