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This appears to be the first move to lift previous sanctions that were focused on destabilizing the Venezuelan government.
President Joe Biden's administration Tuesday issued a license that lifts sanctions imposed on Venezuela for most of the transactions required for its ports and airports' ordinary operations.
The 'General License 30 A' issued by the U.S. Treasury Department allows U.S. companies to exchange transactions with Venezuela's National Institute of Aquatic Spaces (INEA) or any entity it owns.
The new document overrides the ban imposed on the Latin American country on August 5, 2019, by then-President Donald Trump.
However, "the permit does not support activities related to the export of diluents to Venezuela, or transactions with persons or institutions sanctioned by Washington, other than INEA," the Treasury Department added.
The license is Biden's first move to lift the sanctions imposed by Trump to overthrow President Nicolas Maduro's government.
"The license is a first sign that there is a willingness to review the sanctions and clarify their relevance," international law specialist Mariano de Alba said.
A few days after taking power, Biden assured he would open dialogue channels with Venezuela, ignoring Juan Guaido's calls to follow Trump's approach.
In 2019, Trump recognized Guaido as Venezuela's interim president as he imposed sanctions against oil companies, promoted attempts to assassinate authorities, and launched invasion threats.
timelapse wrote:What I want to see is their policy on foreign investment in Venezuela.Once a business starts to do well, historically they'd attempt to nationalize it.I hope they learn that this scares away investors.
timelapse wrote:I open to investing there, provided they don't try to screw me over
They need SMEs I think.Easier to manage and can be community operated,just like the business minded few of them that here.They have unique stuff that have potential.Queso for example.Hand crafted guitars.Hats, leather shoes.List goes on
timelapse wrote:Well they could take the help in their country,or get tf out of mine.Their choice
Wait til they nationalize Trinidad if it profitable.Country_Bookie wrote:Let's hope our government is paying attention to these developments and we are able to start development of the Dragon gas fields that we share with Venezuela. If we can get production going there it'll give investors confidence in our ability to meet their demands for gas going forward..... especially those in point lisas.
timelapse wrote:Wait til they nationalize Trinidad if it profitable.
They won't need to do that. We'll be paying Venezuela royalties for their share of the gas field. They don't have the capacity to develop it themselves. This quantity of gas can revive a lot of our industry that's dependent on receiving a guaranteed volume of gas.timelapse wrote:Wait til they nationalize Trinidad if it profitable.Country_Bookie wrote:Let's hope our government is paying attention to these developments and we are able to start development of the Dragon gas fields that we share with Venezuela. If we can get production going there it'll give investors confidence in our ability to meet their demands for gas going forward..... especially those in point lisas.
Rowley, Maduro sign Dragon deal
CARLA BRIDGLAL SATURDAY 25 AUGUST 2018Prime Minister Dr Keith Rowley and a delegation arrive at the Simón Bolívar International Airport, Venezuela to finalise and sign the Dragon gas deal between both countries. PHOTO BY CARLA BRIDGLAL
The Dragon deal is official. Prime Minister Dr Keith Rowley and Venezuelan President Nicolas Maduro shook hands today to seal the deal that will see TT for the first time processing Venezuelan natural gas.
“TT is an exporter and processor of natural gas and natural gas products. Venezuelan natural gas has never been an input in that business but after today, what we anticipate will happen is in the very near future, Venezuelan natural gas will come to market in the international market place and me monetized for the benefit of the people of TT and Venezuela,” Rowley said after the signing ceremony. The sky is the limit, he added, in terms of future cooperation between the two nations.
TT news reporters were not allowed to witness the signing nor ask questions about the event. Photographers and cameramen were, but could not ask questions.
Rowley thanked Maduro for allowing the deal, saying that whole it arrived a little later than anticipated, it’s “not too late to embark on this exciting journey.”
Rowley and a government delegation arrived in Caracas earlier today to sign the agreement with the Maduro administration that allows TT to process gas from the Dragon field.
The Rowley-led team, including a local press corps, left Trinidad at about 8 am before arriving in Caracas shortly after 10 am. The Prime Minister was greeted by representatives of the Venezuelan government. Apart from the Prime Minister, TT is represented by Energy Minister Franklin Khan, Foreign Affairs Minister Dennis Moses, Minister in the Ministry of Finance Alyson West and Sports Minister Shamfa Cudjoe, as well as National Gas Company (NGC) executives. Representatives from Shell— which has the rights to drill in the field— and officials from Venezuela’s state oil company PDVSA are also expected to attend today's signing. The signing was moved to Caracas because of concerns of of Tuesday's 6.9 earthquake.
In December 2016, Rowley had visited Venezuela, and along with the country's president, Maduro, signed an agreement that put the Dragon agreement in motion.
A special purpose vehicle between multinational energy giant Shell and the NGC has been created to lay down the infrastructure; Shell’s pipelines, including those in the North Coast Marine Acreage will be used to transport Dragon’s gas to the Hibiscus platform off the north-west coast of Trinidad and only 18 kilometres away from the gas field. Hibiscus is jointly owned by the TT government and Shell.
The first tranche of Dragon’s production will yield about 150 million standard cubic feet of gas per day (mmscfd), or 26,505 barrel of oil equivalent per day (boed). For comparison, Petrotrin produces 43,000 barrels of oil per day and 130 mmscfd; bpTT’s Juniper well, which came on stream in the latter half of 2017, produces about 590 mmscfd.
The Dragon field is part of the Mariscal Sucre natural gas complex off the Caribbean coast of Venezuela, north west of Trinidad— and near the epicenter of Tuesday’s quake. Dragon is just one of the fields in a total acreage reserve of 14.7 trillion cubic feet of gas. Dragon alone contains 2.4 tcf.
timelapse wrote:Well they could take the help in their country,or get tf out of mine.Their choice
The law says otherwise,educate yourself.The T&T constitution is available online for free.I not going to engage in an asinine back and forth on this thread as well with you and your fairytale fantasies in your head.Speak based on the truth and not your opinions.MaxPower wrote:timelapse wrote:Well they could take the help in their country,or get tf out of mine.Their choice
Or they could just stay….their choice as well.
timelapse wrote:The law says otherwise,educate yourself.The T&T constitution is available online for free.I not going to engage in an asinine back and forth on this thread as well with you and your fairytale fantasies in your head.Speak based on the truth and not your opinions.MaxPower wrote:timelapse wrote:Well they could take the help in their country,or get tf out of mine.Their choice
Or they could just stay….their choice as well.
You sir are asking me to support something that is illegal,do you realize this?MaxPower wrote:timelapse wrote:The law says otherwise,educate yourself.The T&T constitution is available online for free.I not going to engage in an asinine back and forth on this thread as well with you and your fairytale fantasies in your head.Speak based on the truth and not your opinions.MaxPower wrote:timelapse wrote:Well they could take the help in their country,or get tf out of mine.Their choice
Or they could just stay….their choice as well.
Soldier,
The truth is the Venezuelans are here.
If you want to talk constitution then that also applies to all the laws you and your Trini countrymen continue to break with blatant delinquency.
Everything i say here is true, you are simply incapable of handling the truth and reality.
Embrace the Venezuelan wave as they settle in T&T.
timelapse wrote:You sir are asking me to support something that is illegal,do you realize this?
Do you harbour illegal?
Any of your workers have work permits?
Shifting goalposts in this issue is not an option for you.Your petty attempts at garnering support for illegals have failed.
MaxPower wrote:timelapse wrote:You sir are asking me to support something that is illegal,do you realize this?
Do you harbour illegal?
Any of your workers have work permits?
Shifting goalposts in this issue is not an option for you.Your petty attempts at garnering support for illegals have failed.
Calm down. No one is asking you or begging you to support anything. You made your choice as did many others of your countrymen…some in agreement with you and some not. You agree?
And no, i do not harbor illegal and yes all my workers have their documentation. I do know that we have many illegals among us, and due to their economic crisis back home, i have no issue with them being here. Btw how many of your Trini countrymen were harbored illegally in the U.S?
But sure, my petty attempts to garner support for illegals have failed, yet life goes on as normal for them in T&T? Who is really supporting our Venezuelans here? Padna wake up na, the people settling and many Trinis welcome it.
Write your MP and state your discomfort.
MaxPower wrote:timelapse wrote:You sir are asking me to support something that is illegal,do you realize this?
Do you harbour illegal?
Any of your workers have work permits?
Shifting goalposts in this issue is not an option for you.Your petty attempts at garnering support for illegals have failed.
Calm down. No one is asking you or begging you to support anything. You made your choice as did many others of your countrymen…some in agreement with you and some not. You agree?
And no, i do not harbor illegal and yes all my workers have their documentation. I do know that we have many illegals among us, and due to their economic crisis back home, i have no issue with them being here. Btw how many of your Trini countrymen were harbored illegally in the U.S?
But sure, my petty attempts to garner support for illegals have failed, yet life goes on as normal for them in T&T? Who is really supporting our Venezuelans here? Padna wake up na, the people settling and many Trinis welcome it.
Write your MP and state your discomfort.
Yep. Late 80s and early 90s trinis used to go margarita and Caracas for weekends to shop. And not the 1% we talking about, I had relatives who were teachers and in the public service who was doing that. Guess it had black market for US even then because I think the only official way to get US was through Central bank.paid_influencer wrote:one day, when the sanctions are lifted, Trinis will flee to Venezuela.
Country_Bookie wrote:Yep. Late 80s and early 90s trinis used to go margarita and Caracas for weekends to shop. And not the 1% we talking about, I had relatives who were teachers and in the public service who was doing that. Guess it had black market for US even then because I think the only official way to get US was through Central bank.paid_influencer wrote:one day, when the sanctions are lifted, Trinis will flee to Venezuela.
MaxPower wrote:timelapse wrote:The law says otherwise,educate yourself.The T&T constitution is available online for free.I not going to engage in an asinine back and forth on this thread as well with you and your fairytale fantasies in your head.Speak based on the truth and not your opinions.MaxPower wrote:timelapse wrote:Well they could take the help in their country,or get tf out of mine.Their choice
Or they could just stay….their choice as well.
Soldier,
The truth is the Venezuelans are here.
If you want to talk constitution then that also applies to all the laws you and your Trini countrymen continue to break with blatant delinquency.
Everything i say here is true, you are simply incapable of handling the truth and reality.
Embrace the Venezuelan wave as they settle in T&T.
De Dragon wrote:Wait, either you are dotishly implying that Trinis are in their own country illegally or you are also dotishly engaging in the most vague form of whataboutism seen on this forum.
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