INSUBCONTINENT EXCLUSIVE:
Venezuela unveiled significant new partnerships in its oil sector, involving agreements with eight multinational oil companies.These
partnerships became possible after the United States eased energy sanctions against Venezuela
This agreement was centered around the 2024 elections.Under this agreement, Maduro committed to ensuring a free and fair electoral process
He also agreed to grant amnesty to over 300 political prisoners.Additionally, Maduro pledged to conduct the elections in the latter half of
Following this, he released five political opponents who were in detention.With sanctions reduced, several international oil companies are
now actively involved in Venezuela.Venezuela Seals Oil Deals After United States Sanctions Ease
(Photo Internet reproduction)Companies like Repsol, Eni, and Shell are participating in joint oil and gas projects.Furthermore, contractors
such as Halliburton, Baker and Hughes are returning to Venezuelan fields.These developments allow Venezuela to sell oil without the previous
significantly lower than its historical peak
However, experts predict a production increase to about 1.2 million barrels per day by 2024.Venezuela aims to boost state revenues and
stimulate economic growth
This strategy includes targeting oil sales to the United States without the earlier discounts.This plan is a response to the economic
challenges the country has faced since 2018.Despite these positive developments, tensions between Caracas and Washington remain
Corina Machado to run in the presidential elections.The United States has given Maduro a deadline to lift restrictions on all opposition
presidential candidates.This deadline also includes releasing political and American prisoners
