PANAMA CITY, PANAMA (By Editors at Energy Analytics Institute, 26.Mar.2022, Words: 364) — Venezuela’s petroleum sector is again front center on Washington’s radar due to the OPEC country’s massive oil reserves, production potential and proximity after the US imposed sanctions on Russian barrels due to its Ukraine invasion.
Energy Analytics Institute believes Washington could get burned if it eases sanctions on Venezuela before seeing suggested changes stipulated to Venezuela’s President Nicolás Maduro such as freeing more political prisoners, a restart of negotiations in Mexico City, Mexico between Venezuela’s ruling party and opposition factions, and “free and fair” elections.
