DUBAI: Venezuela’s Vice President for Economy Calixto Ortega Sanchez said on Wednesday that his country needed vast foreign investment and sanctions relief to tap its huge oil reserves and restart its ailing economy.
“We know that the reference for Venezuela is that (it is) the country with the biggest oil reserves, and we want to stop being known for this, and we want to be known as one of the countries with the highest production levels,” Sanchez said.
Responding to questions by American journalist Tucker Carlson, Sanchez called the recent capture of Nicolas Maduro a “dark day” for the country but said Venezuela was working to reestablish a relationship with the US, which he described as a “natural partner” for the country.
“The Venezuelan people and authorities have shown that they are ready to peacefully move forward and to build opportunities,” he said during a session at the World Government Summit.
Sanchez, who headed Venezuela’s central bank, said the most pertinent issue facing his country is continued US sanctions.
