My people, e go shake body as Venezuela dey enter 2026 with plenty wahala! Na after dem don carry President Maduro go US, wey Trump dey talk say dem go collect oil wey dey worth millions from Venezuela. Abeg, who go carry all this matter for head?
As e be now, Trump don promise say dem go sell between 30 to 50 million barrels of oil to American people and use money wey dem go make to help both United States and Venezuela people. But how we go fit trust this kind arrangement? E still dey baffle many minds o!
Venezuela dey on top tension since dem carry Maduro and him wife, Cilia Flores, go face US law. Na dem dey talk say dem don charge Maduro for plenty serious matter wey include narco-terrorism and cocaine trafficking. But this man, e dey deny everything wey dem don talk. Wetin una think? E fit happen say na just politics we dey see here?
As the political matter dey unfold, Vice President Delcy RodrÃguez don take over as Acting President. Wetin this mean for the economy wey dey depend heavily on oil? Na why the African Energy Chamber don come outside talk say make everybody calm down and focus on stability. They dey believe say Venezuela get correct potential to bounce back if dem fit arrange things well.
According to AEC, dem talk say oil reserves wey Venezuela get na the largest for the whole world. E fit change the economy wey dey ground if dem fit manage am well and use money wey dem go make to build back their country. Na serious matter sha!
Dem don also talk say to bring back vigor for this oil sector, dem need proper management, good governance, and investment wey go make sense. If dem fit invest $10 billion yearly, dem fit increase their oil production to 2.5 million barrels per day in ten years. But my people, e no be small wahala o!
As oil dey run this economy, e don dey account for about 90% of export revenue and over half of government income. How una see am? E mean say if oil no flow, wahala go dey!
Current production don find small ground as dey dey produce between 900,000 to 1.1 million barrels per day, but dis na far from their peak of 3.4 million barrels wey dem achieve before. So, na wah for this country. E be like say dem get plenty work to do!
And make we no forget say this Orinoco Heavy Oil Belt wey dey cover more than 55,000 km², na im dey carry almost 90% of their oil reserves. Blocks wey dey produce oil like Petropiar and Ayacucho be important o, but dem need modern technology and good access to diluents to fit improve things. Naija we dey talk o!
Ayuk, wey be Executive Chairman of AEC, don talk say dis matter no be small issue. E say when stability dey, energy sector fit help countries grow and thrive. Venezuela fit become better if dem fit manage their resources well. My people, make we dey watch the development for this matter! Dis na serious gist wey we need follow!
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