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Thread: Venezuelan parliament votes to begin impeachment proceedings against Maduro

  1. #91
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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    Quote Originally Posted by joG View Post
    Chavez really made a mess out of a rich, rich country. But they voted for the jerk and now that the populist policies that persuaded the masses are dead, the man that took up the baton is now caught out holding the stick. Now he and the people will pay the price of the foolishness.
    Problem is, US interference in the region exacerbates already existing problems. It's hardly surprising that countries lurch to the left.
    Only interested in serious debate.

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    Quote Originally Posted by Frigidweirdo View Post
    Problem is, US interference in the region exacerbates already existing problems. It's hardly surprising that countries lurch to the left.
    They're perfectly capable of screwing things up all by themselves.
    "Above all, not too much zeal." --Prince Talleyrand

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    Trump on Venezuela: “We Should Implement a Naval Blockade”
    Trump on Venezuela: "We Should Implement a Naval Blockade"

    Trump has said in private that he is considering the possibility of a naval blockade, in order to force Nicolas Maduro out of Venezuela.
    INTERNATIONAL RELATIONSNEWSNORTH AMERICA

    By Sabrina Martín Last updated Aug 19, 2019
    1 Comment 146 Share


    Nicolas Maduro is clinging onto power by virtue of the nation’s oil exports (pxhere).

    The Trump administration has initiated negotiations with the most radical wing of Chavismo, while analyzing the possibility of implementing a naval blockade on Venezuela in order to reduce the revenue of the dictatorship.

    According to Axios, the United States is assessing all possible options that end with the fall of Nicolás Maduro. Trump has apparently suggested to national security officials that his country should station ships along the Venezuelan coastline to prevent goods from entering and leaving the country. The proposal has come up repeatedly.
    Click link above for full article.
    The negotiation between the opposition and Maduro has stalled due to U.S. new sanctions. Maduro’s negotiators want the sanction lifted in order to continuo with the talks. The Trump administration position is to maintain the sanction until Maduro step down. The sanctions prohibit transactions with Venezuela Central Bank and Petroleum of Venezuela, S.A. (PDVSA). Because of the sanctions China National Petroleum Company (CNPC) has canceled the transportation of Venezuelan oil, and Turkey state bank stopped dealing with Venezuela Central Bank. These actions are another turn of the screw.

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    Talks about a naval blockade is a way to let the Maduro regime know that is better for them to reach an agreement about new elections and they will be given guarantees that will not be charge with any wrong doing. Otherwise the military option will be implemented. So far the carrot and stick approach is working.

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    Venezuela’s Oil Woes Deepen as Chinese Contractor Halts Work
    Bloomberg - Are you a robot?

    By Patricia Laya, Peter Millard, and Lucia Kassai
    September 5, 2019, 1:53 PM PDT

    A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies.

    China Huanqiu Contracting and Engineering Corporation, an affiliate of government-run China National Petroleum Corp., notified the Sinovensa joint venture it has suspended work to expand a crude blending facility by 57% to 165,000 barrels a day, according to a document seen by Bloomberg and a person familiar with the matter.

    That’s in contrast to comments from state-controlled Petroleos de Venezuela SA last month announcing a second expansion to take output to 230,000 barrels a day at the project, which is jointly owned by PDVSA and CNPC -- China’s biggest energy company.
    Click link above for full article.
    The suspension of a project to expand the oil processing facility by a Chinese contractor is another nail on the coffin of Maduro’s regime. Chevron and another four U.S. companies will stop drilling in Venezuela by the end of October, affecting half of the rings. This would cripple OPEC production. The Trump administration sanctions are hurting badly Venezuela economy and threatening the regime survival.

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    AP interview: Colombia to denounce Maduro at UN meeting/
    Colombia's president says Maduro's 'brutality' must end - ABC News

    By JOSHUA GOODMAN AND CHRISTINE ARMARIO, ASSOCIATED PRESS

    BOGOTA, Colombia — Sep 22, 2019, 4:56 AM ET

    Colombia's president compared Nicolás Maduro to Serbian war criminal Slobodan Milosevic as he goes on a diplomatic offensive to corral the Venezuelan socialist, warning that he would be making a "stupid" mistake if he were to attack his U.S.-backed neighbor.

    Ivan Duque made the comments in an interview Saturday with The Associated Press before traveling to New York where he is expected to condemn Maduro before the United Nations General Assembly as an abusive autocrat. Duque believes Maduro is not only responsible for the country's humanitarian catastrophe but is also now a threat to regional stability for his alleged harboring of Colombian rebels.

    "The brutality of Nicolás Maduro is comparable to Slobodan Milosevic," said Duque, who has called on the International Criminal Court to investigate Maduro for human rights abuses. "It must come to an end."
    Click link above for full article.
    Of the four million Venezuelans fleeing the country, the larger number of them, about 1.4 million, have settled in Colombia, which has brought a lot of pressure on the country health, education and welfare systems.

    16 Nations of the Inter-American Treaty of Reciprocal Assistance of 1947 (known as the Rio Treaty), agreed on September 23 to impose sanctions against member of the Maduro regime. A political solution to the crisis is out of the table due to the failure of negotiations for a peaceful solution. Use of military force could be used if conditions keeps deteriorating in Venezuela, since it represent a security problem for the region.

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    PdV flooding Cuba with stranded oil
    News | Argus Media

    Published date: 03 October 2019

    At least three Venezuelan fuel tankers are heading towards Cuba today, part of a flotilla meant to free up domestic storage space while defying a US campaign to cut off Venezuela's oil supply to its political ally.

    Up to 3mn bl of refined products and heavy crude that Venezuelan state-owned PdV is dispatching to Cuba in the first half of October should help partially alleviate a critical storage deficit that has forced down Venezuelan production toward 500,000 b/d. The storage shortage is a domino effect of US sanctions that are scaring away most buyers, with a few exceptions such as Russia's state-controlled Rosneft and Spain's Repsol that takes supply in exchange for its domestic production....

    PdV's crude production dropped to around 650,000 b/d last month compared with about 750,000 b/d in August as its domestic mainland and floating storage capacity maxed out, forcing the company to shut in about 120,000 b/d or Orinoco extra-heavy crude production.

    PetroSinovensa, PdV's crude blending joint venture with Chinese state-owned CNPC, halted operations "indefinitely" yesterday because of the storage and export constraints. The plant had been the last in the Jose complex that was still running, after PdV's PetroPiar venture with Chevron shut down last month.
    Click link above for full article.
    Venezuela crude oil production keeps diminishing due to the ineptitude of Maduro’s regime. The collapse is irreversible, and in a near future it would not be able to keep shipping the amount of oil PDV sent to Cuba. Basically it depend on Cuba and Russia to stay in power. I believe the Trump administration will pressure Spain’s Repsol to stop delivering oil to the Castroit regime. The writing is in the wall.

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    US moves to protect Citgo from creditors
    US moves to protect Citgo from creditors | Daily Mail Online

    By Afp
    Published: 16:53 EDT, 24 October 2019

    President Donald Trump's administration Treasury on Thursday moved to shield Citgo from Venezuela's creditors, preventing shares in the US-based oil company from being used to pay off debt held by Venezuela's state oil company PDVSA.

    A $913 million payment on PDVSA's 2020 bond is due on Monday and it is backed by just over 50 percent of Citgo.

    But the US Treasury altered the sanctions against Caracas to block any transaction involving Citgo shares used to service the debt without a specific exemption.

    The new rule will remain in effect through January 22, Treasury's Office of Foreign Assets Control said in the announcement.
    "As a result, during such period, transactions related to the sale or transfer of CITGO shares in connection with the PdVSA 2020 8.5 percent bond are prohibited unless specifically authorized by OFAC," it said.

    Oil-rich Venezuela's economy is crumbling under the rule of leftist President Nicolas Maduro and millions have fled the country. The US has imposed punishing sanctions on the government to choke off access to cash from oil exports.

    Opposition leader Juan Guaido, the national assembly speaker widely recognized as the country's legitimate leader, and his team have been trying to work with creditors to resolve the issue of PDVSA's debt payments.
    This move is good news for Venezuela’ opposition leader Guaido since losing Citgo will be a major setback due to lack of cash to pay the debt. Citgo was placed under the control of the National Assembly headed by Guaido that has been paying the debt with PdV’s frozen funds. Good move by the Trump administration. The checkmate is approaching.

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    Venezuela's oil exports top 800,000 bpd for a second month, drains surplus –data
    Venezuela's oil exports top 800,000 bpd for a second month, drains surplus -data - Reuters

    Graphic on Venezuela's oil exports: tmsnrt.rs/2CcJciU

    By Marianna Parraga and Mircely Guanipa
    NOVEMBER 4, 2019

    MEXICO CITY/PUNTO FIJO, Venezuela, Nov 4 (Reuters) - Venezuela’s oil exports eased in October, but surpassed 800,000 barrels per day (bpd) for second month in a row, helping to drain an inventory buildup that had forced the OPEC country to cut output, according to documents and data.

    Since the United States imposed sanctions on Venezuelan state-run oil firm PDVSA in January to oust socialist President Nicolas Maduro, the OPEC-member country has struggled to find customers and tankers for its oil.
    Click link above for full article.
    U.S. sanctions on Maduro regime has significantly reduce PDVSA output. Mostly tankers from Russia are the ones transporting the oil. Basically most of the oil exports has gone to Russia, China and Cuba. Oil production and exports are the lowest in the last 50 years.

    PDVSA has to repay a loan of $6 billion with oil supplies by the end of the year. There are rumors that Maduro regime is ready to give control of PDVSA to Rosneft.in order to repay the debt.

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    Re: Venezuelan parliament votes to begin impeachment proceedings against Maduro

    U.S. blacklists six oil tankers in new Venezuela-related sanctions
    U.S. blacklists six oil tankers in new Venezuela-related sanctions - Reuters

    WOLRD NEWS – DECEMBER 3, 2019

    WASHINGTON (Reuters) - The Trump administration on Tuesday blacklisted six oil tankers involved in the shipment of Venezuelan oil to Cuba, the latest in a series of sanctions aimed at pressuring Havana to abandon its support for socialist Venezuelan President Nicolas Maduro.

    Six vessels belonging to state-run oil company Petróleos de Venezuela SA, or PDVSA, were targeted, according to a statement from the U.S. Treasury Department.

    “Cuba and the former Maduro regime continue trying to circumvent sanctions by changing the names of vessels and facilitating the movement of oil from Venezuela to Cuba,” said Treasury Deputy Secretary Justin Muzinich.

    “The United States will continue to take necessary action to protect the people of Venezuela,” he added.
    Click link above for full article.
    The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has just blacklisted the six vessels, since the proceeds of sales are used to prop the Maduro regime. According to OFAC “The money received from the oil shipments to Cuba was transferred to a Russian bank account.” The regime owes a lot of money to the Russia state oil company Rosneft. The best about this is the worse it is getting for the Maduro regime.

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