Ali Moshiri, current chief executive of Amos Global Energy and former head of Chevron Corp.’s Latin America operations, has secured 2.000 millones de dólares from approximately 15 investors to invest in Venezuelan oil production and infrastructure. However, according to an interview given by Moshiri, state-run Petróleos de Venezuela S.A. (PDVSA) is moving extremely slowly with proposals as the Trump administration pressures U.S. companies to reactivate the country’s energy sector.
Ali Moshiri Secures Funding Amid Venezuelan Energy Push
Moshiri stated that neither PDVSA nor Venezuela’s oil and information ministries responded immediately to requests for comment regarding the sluggish pace of proposals. “There is no process, no sense of urgency,” Moshiri said, noting he plans to travel to Caracas over the weekend to request an in-person meeting with PDVSA executives. “We are ready to fix something. It is critical.” According to Moshiri, he and his fund have been in talks with the Venezuelan government about deals since before the U.S. military incursion in January.
The executive’s team in Caracas previously signed a memorandum of understanding for one of seven oil fields that Amos Global Energy targets. Moshiri stated that these combined deposits hold the potential to produce roughly 200,000 barrels of oil per day, accounting for approximately 20% of the nation’s current output. Beyond extraction fields, Moshiri aims to negotiate a contract to renovate Venezuela’s primary oil export port on the Caribbean coast, which he reports currently operates at just 40% capacity. He plans to commit up to mil millones de dólares in repairs at the José Antonio Anzoátegui Petrochemical Complex.
Did You Know? Ali Moshiri previously oversaw Chevron Corp.’s strategy to remain in Venezuela through years of political turmoil until he stepped down from directing Chevron’s Latin America operations in 2017. He also sponsors an annual golf tournament in Caracas.
Investment Plans Face Short-Term Pressure Concerns
Moshiri emphasized his decade-long history of evaluating deposits in the country while outlining his financial readiness for immediate deployment. “I have my core investors and 500 millones de dólares that I can spend tomorrow,” Moshiri said. “They must recognize that I am different from other companies because we have been evaluating fields in Venezuela for 10 years.” He added that he does not need a memorandum of understanding and plans to meet with Delcy Rodríguez during his upcoming visit to Caracas.
While Moshiri acknowledged early stabilization efforts by the Trump administration to build confidence among returning foreign companies, he cautioned that current pressure on U.S. firms to sign contracts leans too heavily on short-term profits. He argued that these moves lack a broad, long-term plan necessary for a lasting recovery in the Venezuelan energy sector.
Frequently Asked Questions
Who is Ali Moshiri and what is his background in Venezuela?
Ali Moshiri is the current chief executive of Amos Global Energy. He previously directed Chevron Corp.’s operations in Latin America until 2017 and oversaw the company’s strategy to stay in Venezuela during years of political upheaval.
How much capital has Amos Global Energy secured for Venezuelan projects?
According to Moshiri, his firm has secured 2.000 millones de dólares from about 15 investors to direct toward Venezuelan oil production and infrastructure.
What specific infrastructure does Moshiri plan to target with these funds?
Moshiri’s targets include seven oil fields with a production potential of about 200,000 barrels per day, alongside the José Antonio Anzoátegui Petrochemical Complex, where he plans to invest up to mil millones de dólares.
What steps do you think are most critical to bridge the gap between foreign investor readiness and state-run administrative processes in Venezuela’s oil sector?