12/13 Closing Prices / revised 12/12/2024 21:59 GMT |  12/12 OPEC Basket $73.36 +$0.91 cents 12/13 Mexico Basket (MME)  $66.23 +$1.02 cents   10/30 Venezuela Basket (Merey) $58.30   +$3.39 cents  12/13 NYMEX Light Sweet Crude  $71.29 +$1.27 cents | 12/13 ICE Brent  $74.44 +$1.08 cents | 12/13 Gasoline RBOB NYC Harbor  $2.0 +0.07 % | 12/13 Heating oil NY Harbor  $2.27 +0.05 % | 12/13 NYMEX Natural Gas   $3.28 -5.1% | 12/13  Active U.S. Rig Count (Oil & Gas)  589 + 7 | 12/13 USD/MXN Mexican Peso $20.1257 (data live) 12/13 EUR/USD Dollar  $1.0501 (data live) | 12/16 US/Bs. (Bolivar)  $50.33190000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

Venezuela and Colombia to Reestablish Relations, Ending Impasse -Bloomberg

Nicolas Maduro with Colombian Ambassador Armando Benedetti to restart diplomatic and commercial relations between their countries.(Anadolu)

Andreina Itriago Acosta and Fabiola Zerpa, Bloomberg News

CARACAS
EnergiesNet.com 08 30 2022

Venezuela and Colombia are expected to formally restart relations Monday, ending a diplomatic impasse that began in 2019 between the neighboring countries. 

Colombia’s envoy, Armando Benedetti, will present his credentials to Venezuela’s government and meet Monday afternoon with President Nicolas Maduro. His Venezuelan counterpart, Felix Plasencia, said he arrived in Bogota on Sunday “eager to advance the diplomacy of peace.”

The exchange of ambassadors is the most concrete step toward fulfilling Colombia President Gustavo Petro’s vow to re-establish bilateral ties with Maduro. Relations have been severed since 2019 when Colombia joined the US and other countries in deciding not to recognize Maduro’s legitimacy, claiming presidential elections were fraudulent. 

“We committed a huge mistake by breaking relations,” said Petro, who took office on Aug. 7, according to a statement Sunday that cited previous comments. “This begins the difficult path — which has its undoubted pitfalls and complications — to restore diplomatic relationship with a neighbor.”

While the rapprochement has been slower than some business groups and politicians had expected, Benedetti said restarting diplomacy would be followed by work on the commercial relationship and consular services. 

Restoring relations could also be the first step toward revitalizing regional political and trade blocs like the Andean Community, which Venezuela pulled out of years ago. “It’s time to renew our gaze toward regional objectives, strengthening relations with new regional partners,” said Colombia Foreign Minister Alvaro Leyva during a speech Monday at the bloc’s headquarters in Lima in which he mentioned Venezuela and Chile.

Roughly 2.5 million Venezuelans have fled to Colombia in recent years as an economic catastrophe unfolded at home. Bilateral trade could rise to about $1.2 billion by the end of the year if the border is fully reopened, according to estimates from business groups. Colombia exported just $331 million of goods to Venezuela last year, down from $6.1 billion in 2008.

bloomberg.com 08 29 2022

Share this news


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia