Venezuelans March In Caracas To Protest U.S. Sanctions On State Oil Company PDVSA
May 30, 2011 By Staff
Today in Latin America
Top Story — Thousands of Venezuelans marched in the capital of Caracas Sunday to protest U.S. sanctions imposed on the South American country’s state oil company, PDVSA.
President Hugo Chávez’s United Socialist Party of Venzuela (PSUV, in Spanish) organized the march.
“What a march! This is popular power!” Chávez said in a tweet.
The march was attended by representatives of the cabinet and Rafael Ramírez, the Minister of Energy and Petroleum.
“Today, we’re going have a march to show profound rejection of imperialism’s intentions to attack our country,” Ramírez said, cited by Spanish newswire EFE.
Ramírez said Friday that Venezuela would continue to send the 1.2 million barrels of oil per day that his country currently exports to the United States.
Sunday’s march marked the second major protest in Venezuela since the Obama administration slapped PDVSA with sanctions last week for allegedly violating the Iran Sanctions Act of 1996. Ramírez denies that Venezuela has exported gas to Iran in the period covered by the 1996 act.
The sanctions prohibit PDVSA from competing for U.S. government contracts, acquiring U.S. export licenses or receiving financing from the U.S. Export-Import Bank. Venezuela is still allowed to export crude to the United States, however, and the sanctions do not apply to PDVSA subsidiaries.
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Image: chavezcandanga @ Flickr.