Director, Latin America Energy Program & Wallace S. Wilson Fellow @CES_Baker_Inst @BakerInstitute @RiceUniversity | International Faculty @IESA | 🇻🇪 🇦🇷 🇮🇹
Houston, TX
Joined August 2010
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Please check my op-ed for @AmerQuarterly of the @ASCOA
Without Institutional Change, Venezuela’s Oil Bonanza Remains Unviable
americasquarterly.org/articl…
@BakerInstitute @CES_Baker_Inst
Francisco J. Monaldi retweeted
First Venezuelan oil from US-NABEP deal arrives in Texas, to be sold to Exxon, Citgo reuters.com/business/energy/…
Francisco J. Monaldi retweeted
Worth noting that the White House claims that Venezuelan crude was sold at "no cost" to the US. But NABEP says: "The cargo is part of the U.S. government's right to purchase 20% of NABEP's production AT COST with no markup, a provision of the company's August agreement with the U.S. Departments of State and War."
ExxonMobil, Citgo to Process Oil From Trump’s Venezuela Deal
(Bloomberg) -- ExxonMobil Holdings Corp and Citgo Petroleum Corp are the first American fuelmakers to use Venezuelan oil produced under a controversial deal that granted the US a piece of the country’s vast oil riches.
The companies are recipients of 1 million barrels of Merey 16 shipped by North American Blue Energy, according to a US official. The oil is part of a deal where Nabep granted the US Defense department a stake in its corporate parent, along with the right to purchase 20% of the oil Nabep produces at production cost. The oil that arrived in Corpus Christi, Texas, was sold to the US at production cost, Nabep said in a statement.
Nabep, Venezuela’s largest private oil producer after Chevron Corp., is pumping about 200,000 barrels a day and plans to keep on expanding following the arrival of new rigs and equipment. The company’s near-term goal is to produce more than 1 million barrels a day of oil. The Nabep agreement with the US, announced in late August, ruffled feathers in both the US and Venezuela after the deal gave the US control over much of the nation’s crude wealth.
Francisco J. Monaldi retweeted
US court of appeals affirms validity of Venezuela's PDVSA 2020 bonds reuters.com/legal/litigation…
With my commentary
The return of Venezuela’s top opposition leader from exile is exposing a fault line in the oil sector.
bloomberg.com/news/articles/…
Francisco J. Monaldi retweeted
Latin America’s oil boom will be shaped less by ownership than by institutions. @fmonaldi shows how stable rules and commercial autonomy can make NOCs catalysts—not constraints. Read more ⤵️ issuu.com/mh183/docs/energy_… #OilMarkets #LatinAmerica #EnergyPolicy
ALT Oil rig illuminated at dusk with a purple sky, alongside text about Latin America's oil boom and national oil companies' roles.
Check out my piece for @CES_Baker_Inst Energy Insights on the oil & gas boom in South America and the role of national oil companies
Latin America’s oil boom will be shaped less by ownership than by institutions. @fmonaldi shows how stable rules and commercial autonomy can make NOCs catalysts—not constraints. Read more ⤵️ issuu.com/mh183/docs/energy_… #OilMarkets #LatinAmerica #EnergyPolicy
ALT Oil rig illuminated at dusk with a purple sky, alongside text about Latin America's oil boom and national oil companies' roles.
Le Venezuela veut revenir dans le jeu mondial revueconflits.com/le-venezue…
Francisco J. Monaldi retweeted
Venezuelan opposition leader MarĂa Corina Machado returned to Caracas in a surprise move that could pose the biggest test yet to acting President Delcy RodrĂguez bloomberg.com/news/articles/…
Francisco J. Monaldi retweeted
I've been in France since 2002 and have never seen the streets so violent nor the politics so extreme. From the sacking of the supermarket on my street to the prospect of Présidente Le Pen, here's me @FT including thoughts from 2 French Nobel laureates as.ft.com/r/addcad57-0f9d-4e…
Francisco J. Monaldi retweeted
I'm thrilled to be launching Econvitals today. It's been the main way in which I have been tracking and understanding the economy over the last several months. And I decided I might as well share it with all of you--for free.
Has a combo of website, email lists & social media.
Francisco J. Monaldi retweeted
AquĂ la opiniĂłn calificada sobre el tema petrolero de @mariannaparraga con algunos elementos en comĂşn que le pude por al profesor @fmonaldi
youtu.be/jxUXN4Jyts8?si=J5Zv…
A Chinese engineering company is on the cusp of restarting a generation unit at a massive Venezuelan power plant that’s been largely idle for years, a crucial step toward reviving the nation’s dilapidated grid. bloomberg.com/news/articles/…
Francisco J. Monaldi retweeted
Another crazy story from Venezuela by @kejalvyas
"Politically motivated jailings and the seizure of private businesses—live on under Maduro’s successor, Delcy RodrĂguez, and the U.S. government apparatus that controls much of the interim leadership now."
wsj.com/world/americas/venez…
Francisco J. Monaldi retweeted
Manuel Iribarren, venezolano de 28 años vinculado a Silicon Valley, consiguió un contrato con PDVSA para desarrollar un bloque petrolero mediante Primavera Infinita, fundada en 2026. La empresa busca producir 100.000 barriles diarios, aunque no ha revelado cómo financiará el proyecto.
ÂżCĂłmo llegĂł un emprendedor tecnolĂłgico al negocio petrolero venezolano? Conoce la historia completa: bit.ly/4skTQMJ
đź“·: CortesĂa/PetrĂłleos de Venezuela
Gracias a @gfrias por invitarme a comentar sobre el tema de la magnitud de las reservas versus recursos petroleros en Venezuela
#CNNNegocios Con Gabi FrĂas (@gfrias): Siembran Dudas Sobre Las Reservas De Crudo De #Venezuela Junto A Francisco Monaldi (@fmonaldi) Del @BakerInstitute / @RiceUniversity - Octubre 23, 2026 youtu.be/ehXGJXV1WK0 #RT
Francisco J. Monaldi retweeted
#CNNNegocios Con Gabi FrĂas (@gfrias): Siembran Dudas Sobre Las Reservas De Crudo De #Venezuela Junto A Francisco Monaldi (@fmonaldi) Del @BakerInstitute / @RiceUniversity - Octubre 23, 2026 youtu.be/ehXGJXV1WK0 #RT
