LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

December 12, 3917

What Effects Might Renewed Sanctions on Venezuela Have?

The Untied States is considering snapping back sanctions on Venezuela’s oil industry if the government does not comply with agreements on free and fair elections later this year. An oil worker in Venezuela is pictured. // File Photo: Venezuelan Government.

Q

A

Javier Corrales, Dwight W. Morrow 1895 Professor of Political Science at Amherst College: “The return of sanctions will hurt the Venezuelan government more than it will hurt foreign oil companies. The companies will survive. Most likely, companies have made or are making preparations for an eventual disruption. The government, in contrast, is likely to be hurt more because it depends heavily on extractivism. The return of sanctions is thus likely to generate a recession. That said, it seems that Maduro has concluded that he prefers an economic contraction than an electoral showdown with Machado. The key lesson since 2018 is that…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

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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