Letter: Demystifying the Dragon Field deal: A Venezuelan perspective

Dear Sir:

For the last couple of days, the Dragon Field deal between the Republic of Trinidad and the Bolivarian Republic of Venezuela has dominated the news cycle locally. This is simply a small deterrent from the humanitarian and economic crisis being faced by most Venezuelans, a country that in 2014 boasted a GDP of US$482 billion, where now four in every five of its citizens lives in extreme poverty.

Some may argue that the deal is a step forward and has a historic significance, but the reality is far from the truth, once operational, 100 million cubic feet of gas will be delivered on a daily basis. This, translated to oil barrel equivalent, will represent approximately 17,000 barrels of crude oil per day, fully operational 50,000 BOE.

For a country with an average…

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