LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

March 18, 2022

Does the U.S. Want Warmer Relations With Maduro?

Top U.S. officials met earlier this month with Venezuelan President Nicolás Maduro in Caracas as the Biden administration seeks to increase global oil supplies following Russia’s invasion of Ukraine. // File Photo: @NicolasMaduro via Twitter.

Q

A

Asier Achutegui, former international affairs manager at PDVSA: “Even though Venezuela and the United States should be natural energy trading partners, politics have hampered this enormous commercial potential since the arrival of Hugo Chávez in 1999. Interestingly, most obstructions have come from the United States, while Venezuela was trying to insist on sticking to capitalist principles and leaving politics out of the energy relationship. By slowly making it more difficult for Venezuela to export oil to the United States and for U.S. companies to invest in Venezuela’s energy sector, different administrations have pushed Venezuela to look for new and more reliable partners. This peaked with Trump’s sanctions on the entire energy and financial sectors, forcing Venezuela to turn mainly to Russia for support. These policies have pushed Maduro to create such a strong dependence on Russia that it would be inconceivable for him to jeopardize it…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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E. gkuleta@thedialogue.org

Carl David
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Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
Adtalem Global Education

Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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