Once the country’s lifeline, Venezuela’s oil industry has been decimated, the product of decades of neglect and mismanagement. As Venezuela’s economic and humanitarian crisis worsens and political conditions deteriorate ahead of upcoming presidential elections, the Adrienne Arsht Latin America Center, in partnership with the Global Energy Center and Eurasia Center, hosted a timely conversation on March 13, 2018 on the future of Venezuela’s oil industry and the implications of the entrance of foreign actors into the space. The event marked the launch of The Collapse of the Venezuelan Oil Industry and its Global Consequences, a new policy brief by Francisco Monaldi, Atlantic Council author and fellow in Latin American Energy Policy at Rice University’s Baker Institute. The brief details what’s ahead for the crisis-ridden country and its energy industry.
The panel discussion, moderated by Center Director Jason Marczak, convened Monaldi; David Goldwyn, chair of the Atlantic Council Energy Advisory Group and senior fellow in the Latin America Center; Rebecca Chávez, former deputy assistant secretary of defense for Western Hemisphere Affairs at the US Department of Defense; Kerry Contini, partner at Baker McKenzie’s Outbound Trade Practice Group; and David Smolansky, former mayor of El Hatillo Municipality in Venezuela and deputy secretary general of Voluntad Popular.
Boroujerdi, who spoke March 12 at an event hosted by the Atlantic Council’s Future of Iran initiative, said the median age in the cabinet of President Hassan Rouhani is 57 – compared to 38 in cabinets just following the 1979 Islamic revolution. The average age of members of the Guardian Council, a cleric-led body that vets all candidates for elected office, is 66 and the figure for the Assembly of Experts – clerics who nominally supervise Iran’s Supreme Leader – is 68. Supreme Leader Ayatollah Ali Khamenei is 78.
On Friday, March 9, the Atlantic Council’s Global Business and Economics Program, in cooperation with Georgetown University’s Institute of International Economic Law hosted a conference on Sanctions in the Trump Era – One Year In. The event was hosted in the context of the Global Business & Economics Program’s Economic Sanctions Initiative and focused on best practices of using sanctions as a foreign policy tool.
Dr. J. Peter Pham, Atlantic Council vice president and Africa Center director, welcomed guests and introduced the new papers, which came out of a task force delegation to Sudan in January 2018, the third such visit in two years.
Atlantic Council Vice President and Africa Center Director Dr. J. Peter Pham introduced the president and welcomed participants.
In his remarks, President Akufo-Addo highlighted the common bonds between Ghana and the United States, insisting that the relationship should continue to receive “our full attention and support.” While addressing issues of poverty and development, President Akufo-Addo articulated his country’s commitment to democratic values, citing Ghana’s economic progress under democratically-elected governments over the past twenty-five years. The president noted that, in that time, Ghana has seen government led by one political party peacefully transfer power to administrations led by another party on three different occasions, following elections organized under the constitution.