Page 8 - LatAmOil Week 17 2022
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LatAmOil                                        BARBADOS                                            LatAmOil




























                                                    The two offshore blocks are adjacent (Image: Government of Barbados)
                         Even if these two blocks are not subject to the   “While the Carlisle Bay and Bimshire blocks
                         2020 agreement signed between Port of Spain   do not touch the Barbados-Trinidad and Tobago
                         and Bridgetown that provides for joint develop-  maritime border, the expectation would be that
                         ment of offshore resources that cross the mari-  any exploration and development activity on the
                         time border, they are still close to Trinidad and   blocks would be staged out of Trinidad, with its
                         Tobago, the statement noted.         well-developed energy services sector,” it said. ™




                                                     VENEZUEL A
       Venezuelan opposition says reform should



       be a condition for lifting US oil sanctions






                         VENEZUELA’S political opposition will con-
                         tinue to insist that the US government make
                         lifting sanctions on the South American state’s
                         oil sector conditional on significant political
                         and electoral reform, an oil and energy advisor
                         to opposition leader Juan Guaido told Argus
                         Media earlier this week.
                           The advisor, who was not named, said that
                         the opposition would not waver on its demand
                         for elections that were fair, free and verifiable.
                         If Washington eliminates sanctions on the oil
                         industry without taking steps to ensure that
                         these terms are upheld, he said, it will only   Venezuelan opposition leader Juan Guaido (Photo: Twitter/@Presidencia_VE)
                         be ensuring that President Nicolas Maduro
                         remains in power in Caracas.         came under fire following claims that he had
                           “The US cannot just walk back foreign policy   used fraudulent means to gain re-election in
                         [sanctions] just like that,” he told Argus.  late 2018. However, there have been unofficial
                           The spokesman’s remarks came shortly after   reports that Washington has asked Caracas to
                         Venezuela’s Vice President Delcy Rodriguez   increase oil production in order to make up for
                         reported that the Maduro administration had   the Russian barrels taken off the world mar-
                         “reformatted” its efforts to establish a new dia-  ket following the imposition of separate trade
                         logue with Washington. US officials have not   restrictions on Moscow.
                         said publicly whether the administration of   These rumours have gained traction since
                         President Joe Biden is willing to lift the sanctions   early March, when a delegation of US officials
                         imposed on Venezuela’s national oil company   visited the Venezuelan capital, ostensibly for
                         (NOC) PdVSA since early 2019, when Maduro   talks on the release of a US hostage.



       P8                                       www. NEWSBASE .com                           Week 17   28•April•2022
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