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US Crowds for Machado & Maduro

Maduro and Cilia went to court for the second time. Machado pitched her energy roadmap in Houston. Delcy spoke in a Trump-friendly investor conference before escaping the Q&A.

Venezuela at CERAWeek, etc

Chevron’s CEO said the amended hydrocarbons law is too ambiguous, needs more incentives for investment.

ConocoPhillips’ CEO said the law is “woefully inadequate,” and that Venezuela’s fiscal system needs to be “rewired.”

Delcy said the country needs full sanctions relief from Washington DC, not specific licenses, to create better domestic conditions for foreign companies.

Venezuela could produce 5 million bpd in 10-12 years “if the right investments were made,” María Corina told Reuters. She gave a 30-minute speech presenting her plan for the energy industry.

In a separate conference sponsored by Saudi Arabia in Miami, Delcy is scheduled to speak for 15 minutes from a remote location at 10:25 AM EST. The FII New LatAm Summit event is meant to discuss the “new order” in Latin America and the Caribbean. Donald Trump’s address will close the conference on Friday.

Delcy also told investors on Tuesday that the new mining law will shortly be approved. The second (and likely final) parliamentary discussion will happen on Thursday. Jorge Rodríguez said last night that chavismo so far could not agree on who to appoint as chief prosecutor and ombudsman, so tomorrow’s AN session will cover that too.

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