“Increase Production Or Leave The Country” Warns Venezuela's Ministry Of Oil To Foreign Oil Companies

“Increase Production Or Leave The Country” Warns Venezuela’s Ministry Of Oil To Foreign Oil Companies

Written by Roberta Souza

Published on 21/01/2021 at 16:03

Produção de petróleo da Venezuela

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The Purpose of Venezuela’s Announcement Is to Ensure an Increase in Oil Production

Venezuela, a country with the largest oil reserves in the world, warned the foreign oil companies Chevron and Repsol to help increase production, in order to prevent them from stopping exploration in the country. Petróleos de Venezuela and the Ministry of Oil of Caracas sent a letter last month to all 19 joint venture partners whose contracts will expire in 2026, to inquire about their exploration intentions.

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According to the letter, all oil companies had until January 15 to respond, and the companies could still request a contract renewal with the country.

Venezuela will seek new partners if the current ones do not respond and help to reactivate the collapsed oil industry, after years of mismanagement and sanctions from the United States.

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“Increase Production Or Leave The Country” Warns Venezuela’s Ministry Of Oil To Foreign Oil Companies

The Purpose of Venezuela’s Announcement Is to Ensure an Increase in Oil Production

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“Increase Production Or Leave The Country” Warns Venezuela’s Ministry Of Oil To Foreign Oil Companies

The Purpose of Venezuela’s Announcement Is to Ensure an Increase in Oil Production

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With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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