Gustavo Coronel, a founding board member of PDVSA: “In Venezuela, there is a popular saying: ‘Los mochos se juntan para rascarse.’ That is, ‘The one-armed get together to scratch each other.’ This is the case with the Iran-Venezuela connection, since both countries are under sanctions and restricted from getting their oil to market. Since both countries have authoritarian governments and share a deep anti-U.S. sentiment, their cooperation is logical. Iran has been providing Venezuela with assistance in the refining process, so far with only modest success, and it has been delivering light oil to Venezuela to mix with its heavy Orinoco oil. Maduro pays for this support with illegally exploited gold, with a heavy cost in terms of environmental degradation and human rights violations. While Iranian support helps to keep the Venezuelan oil industry from imploding, the fundamental problems remain unresolved: Corrupt and incompetent management, a lack of capital investment for new equipment, poor maintenance of existing equipment, a demoralized workforce and…”
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Editor
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E. gkuleta@thedialogue.org
Carl David
Goette-Luciak
Reporter
Nili Blanck
Reporter
Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer
Jimena Blanco
Chief Analyst,
Verisk Maplecroft
María José Cortés
Head of ESG,
Atlas Renewable Energy
Jeffrey Davidow
Senior Counselor,
The Cohen Group
Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler
Jonathan C. Hamilton
Partner,
White & Case
Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter
James R. Jones
Chairman,
Monarch Global Strategies
Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher
Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil
Jeremy Martin
Director,
Energy Program,
Institute of the Americas
Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone
R. Kirk Sherr
President,
Clearview Strategy Group
Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue
Doris Rodríguez
Partner,
Hunton Andrews Kurth
Alexandra Valderrama
Director,
International Government
Affairs, Chevron
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