Wednesday, February 6, 2019

Thieving Bastards Part 1: The President of Theft Guaido aids and abets privatisation of Venezuelan OIl

Guaidó’s representative in Washington, Carlos Vecchio, told Bloomberg that the opposition leader wanted to increase oil production and scrap current requirements that state-owned oil giant PDVSA must keep a controlling stake in joint ventures. Currently, PDVSA must maintain a 51 percent stake in joint projects.

US officials have not been shy about admitting that oil is a major interest and motivating factor in the decision to support Guaidó. Trump’s national security adviser John Bolton told Fox News that it would “make a big difference to the United States economically” if US companies could “invest in and produce the oil capabilities in Venezuela.”

WikiLeaks cables also revealed that the first "fundamental interest" the US has in Venezuela is continued supply of imports.


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