Some pipeline adjustments:

“Delcy Rodríguez swiftly responded [to Exxon’s demands] by introducing a reform of the Hydrocarbons Law at the legislature. We understand that the intention is to adapt the Law to the contractual frameworks used in the antiblockade law. In other words, to legalize the Contratos de Participación Productiva that have allowed chavismo to add more partners to the oil business and bigger cuts of oil projects without giving away participation in the JVs.”

“Delcy and Jorge Rodríguez, may be also taking this opportunity to overpower other chavista factions and do what they would’ve done a long time ago if they were running the country. Getting rid of Alex Saab, for example. Saab is the Colombian grifter who was in charge of more than a couple money laundering operations for Maduro as he also was a key point of contact with Iran when sanctions were in full power.”

Subscribe to our Substack to keep track of the Rodrigato.