Faced with the rejection by Joe Biden’s administration of the result presented by the National Electoral Council on the presidential elections of July 28, Nicolás Maduro threatened with delivering to the BRICS the oil and gas blocks operated by the United States in the country.
Maduro also accused the US government of supporting alleged “destabilizing plans” in Venezuela, after protests broke out in the country in rejection of his proclamation as re-elected president.
«If these people from up north and their associates around the world make the mistake of their livesthen, those oil blocks and those gas blocks that were already signed will go to our allies of the BRICS»he said in a speech.
Relations with the BRICS
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The official leader asserted that Venezuela has other large investors, members of the coalition founded by Brazil, Russia, India, China and South Africa.
He claimed that the “portfolio of opportunities” that the bloc presents to Venezuela is attractive to “develop the export vocation.”
Currently, Chevron is working in partnership with PDVSA on five projects “onshore and offshore production, including the Orinoco Oil Beltin the east of the South American nation, which has the largest proven oil reserves,” according to EFE.
These agreements have been possible after the United States will grant a special license to Chevron in November 2022 to resume operations in Venezuela.
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2024-09-12 14:32:12
How will Venezuela’s potential delivery of oil and gas blocks to BRICS impact U.S.-Venezuela relations?
Venezuela’s Threat to Deliver Oil and Gas Blocks to BRICS: A Shift in Global Politics
In a bold move, Venezuelan President Nicolás Maduro has threatened to deliver oil and gas blocks operated by the United States in the country to the BRICS (Brazil, Russia, India, China, and South Africa) coalition. This announcement comes on the heels of the rejection by the Joe Biden administration of the result presented by the National Electoral Council on the presidential elections of July 28, 2024.
Maduro’s statement is seen as a response to the US government’s alleged support for “destabilizing plans” in Venezuela, which led to protests breaking out in the country following his proclamation as re-elected president. In a speech, Maduro emphasized that if the US and its associates “make the mistake of their lives,” Venezuela would redirect its oil and gas resources to its allies in the BRICS coalition.
Venezuela’s Ties with the BRICS
Venezuela has been strengthening its relations with the BRICS nations, which could potentially provide an alternative to its current reliance on the United States. As Maduro mentioned, the country has other large investors among the BRICS members, including Russia, China, and India. These nations have been increasingly involved in Venezuela’s energy sector, with Russia’s state-owned oil company, Rosneft, being a major investor in the country’s oil fields.
In fact, Russian President Vladimir Putin has publicly expressed his support for Maduro’s government, inviting him to the BRICS summit in Russia [3]. This move is seen as a significant shift in global politics, as the BRICS nations continue to challenge the dominance of the United States in international affairs.
The Rise of the BRICS
The BRICS coalition, founded by Brazil, Russia, India, China, and South Africa, has been gaining momentum in recent years. The group aims to promote economic cooperation and provide an alternative to the traditional Western-led international order. With the addition of Venezuela, the BRICS coalition would gain access to the country’s vast oil and gas reserves, further strengthening its position on the global stage.
As one analyst noted, “the BRICS represent a new world order, where emerging economies are taking center stage” [2]. The growth of the BRICS coalition has significant implications for global politics and economics, as it challenges the traditional dominance of the United States and its allies.
Conclusion
Venezuela’s threat to deliver oil and gas blocks to the BRICS coalition marks a significant shift in global politics. As the country strengthens its ties with the BRICS nations, it is likely to reduce its reliance on the United States and challenge the traditional international order. With the BRICS coalition gaining momentum, the world is witnessing a new era of cooperation and competition, where emerging economies are taking center stage.
In a recent article, it was reported that Maduro has received an invitation to the BRICS summit in Russia, further solidifying Venezuela’s ties with the coalition [1]. As the world watches the developments in Venezuela, one thing is clear: the rise of the BRICS coalition is a significant shift in global politics, and Maduro’s threat to deliver oil and gas blocks is just the beginning.
What implications does Venezuela’s threat to deliver oil and gas blocks to BRICS have for US-Venezuela relations?
Venezuela’s Threat to Deliver Oil and Gas Blocks to BRICS: A Shift in Global Politics
In a bold move, Venezuelan President Nicolás Maduro has threatened to deliver oil and gas blocks operated by the United States in the country to the BRICS (Brazil, Russia, India, China, and South Africa) coalition. This announcement comes on the heels of the rejection by the Joe Biden administration of the
