Friday February 23, 2018
Home World Are oil reser...

Are oil reserves the real reason why Barack Obama has levied sanctions on Venezuela?

0
//
52
Republish
Reprint

US Vene (1)

By Harshmeet Singh

Highlighting its ‘deep concern’ for the Venezuelan citizens, USA has declared Venezuela as a ‘National threat’ and slapped various sanctions against seven top Venezuelan officials. As the Venezuelan President Nicolas Maduro gave a scathing speech on Tuesday, blaming the ‘imperialist’ USA for trying to topple his Government, he found support from the iconic Cuban leader, Fidel Castro.

Castro’s message for Maduro read ‘Dear Nicolas Maduro, I congratulate you for your brilliant and brave speech in the face of the brutal plans by the United States government. Your words will go down in history as proof that humanity can and will know the truth,

US’ love for oil

“Let our position be absolutely clear: An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America, and such an assault will be repelled by any means necessary, including military force.”

  • Jimmy Carter, former US President

Overenthusiastic participation of the US in the Gulf War and almost all the Middle Eastern conflicts ever since under the blanket of ‘war on terror’ has been termed by many as US’ attempt to capture oil reserves around the world.

What is common among Venezuela, Iran, Iraq and Libya? Oil is the easiest answer that pops into the mind. All these countries feature in the list of top ten countries with the biggest proven oil reserves in the world. Secondly, each of these countries has faced strong US interventions in the past few years. US showing ‘deep concerns’ for an oil-rich nation and its citizens isn’t a new happening. With the largest proven oil reserves in the world, Venezuela holds a key position in the South American politics and US knows this well.

Current US Venezuela Crisis

Since February this year, the Maduro Government has been blaming the US of supporting the opposition in carrying out violent protests across the country. according to report published in The Guardian, Maduro said that the US has a tradition of carrying out coups in other nations. He also put forward the case of Edward Snowden and a 2006 WikiLeaks cable, according to which, the US was planning to ‘divide, isolate and penetrate’ the erstwhile Venezuelan Government. In one of his addresses to the media in February, he said “I invoke Obama and his African American spirit, to give the order to respect Venezuela”

Averting any blames that its actions are aimed at denting Venezuela’s oil based economy, the White House maintained that its sanctions aren’t intended to hurt Venezuela’s energy sector. According to the US, the seven officials against whom the sanctions have been approved had played a key role in suppressing the anti-Government protests in any undemocratic manner.

When asked about the need to list Venezuela as a ‘national security threat’, a US official said that this is the first step of the US sanctions program and similar steps were followed with Iran and Syria. If the US plans to put Venezuela in the same bracket as Iran and Syria, this might not spell good news for the South America nation.

Maduro’s plans

Maduro is seeking to buy time to sort the growing mess within the country by terming this as a battle between an ‘imperialistic’ USA and a ‘Socialistic’ Venezuela. Whether he succeeds in his plans remains to be seen.

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Iran President Gearing Up For His India Visit To Discuss Trade And Policies

The visit will be used to discuss trade and policies between the two countries

0
//
8
Iranian President Hassan Rouhani will discuss trade policies and other issues during this visit of his. http://www.telegraph.co.uk
Iranian President Hassan Rouhani will discuss trade policies and other issues during this visit of his. http://www.telegraph.co.uk
  • Iran president Hassan Rouhanito come on a three-day visit to India
  • The visit will be used to discuss trade and policies between the two countries
  • Business traders of both the countries will do a meeting soon too

Iran President Hassan Rouhani will come on a three-day visit to India starting Thursday at the invitation of Prime Minister Narendra Modi, the External Affairs Ministry announced on Wednesday.

Modi and Rouhani will hold a bilateral meeting here on Saturday, during the course of which both sides would review the progress achieved in bilateral relations and also exchange views on regional and international issues of mutual interest, according to a ministry statement.

Iranian President Hassan Rouhani to visit India soon. Photo Credit: observer.com
Iranian President Hassan Rouhani to visit India soon. Photo Credit: observer.com

Rouhani will also call on President Ram Nath Kovind on Saturday.

According to Iranian news agency Irna, Rouhani will first arrive in Hyderabad on Thursday where he will meet the city’s Muslim Ulemas. He will also meet Iranian nationals, including students, residing in India.

Citing the Iran President’s deputy chief of staff for communications and information Parviz Esmaeili, Irna said following the delegation-level talks on Saturday, both sides will sign a number of agreements.

Also Read: Iran Accuses CIA for spreading ‘Fake News’ about Tehran’s support to Al Qaeda

Business leaders of both sectors are also scheduled to hold a joint meeting to review cooperation opportunities and capacities, according to Esmaeili.

This will be Rouhani’s first visit to India after he assumed office in 2013.

It comes after Modi’s visit to Tehran in 2016 during which a trilateral agreement on transit and transport was signed between India, Iran and Afghanistan.

The first phase of the port was inaugurated by President Rouhani in December last year, a little over a month after the first consignment of wheat from India to Afghanistan was sent via this facility.

Iranian President Hassan Rouhani has already talked to the Indian
Iranian President Hassan Rouhani has already talked to the Indian
President Ram Nath Kovind. Wikimedia Commons

The port opens a new strategic transit route between Iran, India, Afghanistan and other Central Asian nations bypassing Pakistan.

India-Iran bilateral trade stood at $12.89 billion in 2016-17, according to figures provided by the External Affairs Ministry. IANS