The US Energy Secretary, Chris Wright, travels to Caracas to close a historic oil agreement with the Venezuelan government. The trip takes place on Tuesday, with formal meetings scheduled for Wednesday, as informed by an American official on condition of anonymity.
The agreement represents a US renunciation of exploring one-fifth of Venezuelan oil reserves. President Donald Trump announced last Friday an agreement to explore fields in Venezuela equivalent to 65 billion barrels of crude oil, with the US buying oil at cost price and having veto power in a company with a 100-year concession.
The context of the negotiation is marked by the US war against Iran, which caused a sharp rise in gasoline prices. The repercussion of the agreement has generated alerts that Venezuela could become a natural resource colony.
Wright's trip will coincide with the separate announcement by Chevron about its plans to expand operations in Venezuela, according to the same American official source.
