U.S. plan to import oil from Venezuela will hurt Canadians CanadiansInvest
Skolnick says the impact of easing the sanctions on Venezuela will depend on how quickly Chevron – the company– can bring production online. The license entitles Chevron to restart production in existing fields but not start up new ones.
“An increase of even 100,000 or 200,000 barrels per day would be significant to Canadian oil,” he wrote.Meanwhile, Venezuela remains one of the world’s worst human-rights offenders, scoringThe U.S. has refused to recognize Maduro’s presidency since 2019, declaring that he was not re-elected democratically and fosters policies “marked by authoritarianism, intolerance for dissent, and violent and systematic repression of human rights and fundamental freedoms.
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