Venezuela opens its gold and gas-rich subsoil to the United States
Venezuela opens its gold and gas-rich subsoil to the United States
Venezuela opens its gold and gas-rich subsoil to the United States
Parliament debates new rules for mining and incentives for foreign investment in an area that is controlled by criminal groups and which has become a major environmental disaster
Since January 3, Venezuela has opened its natural resources to the United States. First it was oil. Crude extracted from Venezuelan wells has returned to what was for years its main customer, and Washington has reciprocated by granting the necessary licenses. Then, the Venezuelan parliament, led by Jorge Rodríguez, the brother of acting president Delcy Rodríguez, amended the hydrocarbons law, and a few days ago, the first contract with Shell was signed. The same pattern is now being repeated for mining operations.