Francisco J. Monaldi

Director, Latin America Energy Program & Wallace S. Wilson Fellow @CES_Baker_Inst @BakerInstitute @RiceUniversity | International Faculty @IESA | 🇻🇪 🇦🇷 🇮🇹

[Francisco J. Monaldi @fmonaldi]

Please check my op-ed for @AmerQuarterly of the @ASCOA

Without Institutional Change, Venezuela’s Oil Bonanza Remains Unviable
https://t.co/2oXVFwPeYT

@BakerInstitute @CES_Baker_Inst

[Bloomberg @business]

Lionheart Capital is lining up as much as $2.25 billion to invest in the Venezuelan energy industry through a special purpose acquisition vehicle, sources say https://t.co/PfBNI870e1

[Oil by S&P Global Energy @SPGEnergyOil]

Oil in spotlight as Venezuela's Rodríguez visits #India amid supply woes, shifting flows
➡️Venezuela's Delcy Rodríguez to visit India June 3-7

➡️India snapping up Venezuelan #crude amid supply woes

➡️About 9.5 mil barrels set for June discharge at ports: CAS
#OOTT
Full story: https://t.co/crthgZ48w9
by @heysambit

[Francisco J. Monaldi @fmonaldi]

Mexico’s Natural Gas Moment: Security Risk, Sovereignty, and the Case for Pragmatism

By @AztecDuncan https://t.co/4tH6u3SvWv

[Jack Prandelli @jackprandelli]

🚨Chevron just filed a $13.8 billion RIGI application for Vaca Muerta.

30-year tax, FX and regulatory stability locked in.

One of the largest single investment plans in Argentina's shale patch.

Chevron is going all in 🇦🇷🛢️

This is a full field, multi decade shale development commitment.
El Trapial, Neuquén.
100% Chevron-operated.
Hundreds of horizontal wells, gas and liquids handling, water and midstream infrastructure all tied into Argentina's growing export pipeline to the Atlantic. 📋

What RIGI gives Chevron:

→ Corporate income tax locked at 25% with accelerated depreciation
→ FX protections retain hard-currency export proceeds, shielded from future capital controls
→ Export duty exemptions on qualified output after ramp-up
→ 30 year stability on tax, customs and FX rules
→ International arbitration access (ICSID) for disputes

This is exactly what Chevron said it was waiting for.

Executives have been explicit: RIGI was the precondition for going all in on Vaca Muerta.

The scale of the bet:
→ $13.8 billion committed over the project life
→ Target: roughly triple Chevron's Vaca Muerta output by 2035
→ El Trapial becomes one of Chevron's main non-US shale growth engines
→ Sits alongside 50% non-op stake in Loma Campana the flagship YPF/Chevron development

Chevron already spent $ 500M+ on El Trapial's early unconventional phases. This RIGI application is the full commitment. ⚡

If you want to know my view on it within the full case with names, math, triggers of the disclosure stocks.

Read my article.

The link is in the below comments👇

[Francisco J. Monaldi @fmonaldi]

How the Global Shock from the Iran Conflict Is Reshaping Latin America and the Caribbean https://t.co/Zi3AOruMbF

[Francisco J. Monaldi @fmonaldi]

Join us! Webinar on Thursday June 4th, 11 am CT / 12 ET

Honored to share the panel with @Miguel_Pizarro, @mariannaparraga and Gustavo Garcia

@BakerInstitute @CES_Baker_Inst

https://t.co/kvlGV5i8PK

[Francisco J. Monaldi @fmonaldi]

Venezuela's Trump-backed reforms have yet to draw investors wary of legal system, infrastructure https://t.co/2fDnqATLSK

[Reuters Venezuela @ReutersVzla]

Venezuela's legislature gives initial approval to private investment in electricity sector https://t.co/DPr1y8Pqee

[Oil by S&P Global Energy @SPGEnergyOil]

Oil demand shows first sign of contraction as emergency buffers fade: analysts

▪️IEA hints at further demand revisions due to protracted conflict
▪️Early resilience led by government support, stock releases
▪️Chinese run cuts signal possible demand adjustment

🖥️Full story: https://t.co/2laPMpXEIM

[Bloomberg en Español @BBGenEspanol]

La Asamblea Nacional de Venezuela analiza un proyecto que habilitaría a empresas privadas y mixtas a operar en el sistema eléctrico, junto al Estado, tras más de 15 años de monopolio estatal. https://t.co/ovADYKFQpn

[Bloomberg @business]

Venezuela’s National Assembly will debate a reform that would open the country’s electricity sector to private investment https://t.co/qZXoBn7OtU

[Jaime F. Macias @Jaimefmacias]

Los 289 jugadores que no representarán a su país de nacimiento en el Mundial

[Michael Weintraub @miweintraub83]

🧵 Análisis de la primera vuelta presidencial en Colombia, 31 de mayo de 2026.

Hilo larguito con datos municipales (obviamente preliminares por ahora), que bajé de la pagina de la Registraduría, entre otras fuentes.

1/ De la Espriella (ADLE) primero con 43,7% (10,36 millones), Cepeda segundo con 40,9% (9,69 millones). Diferencia: ~673.000 votos sobre 23,7 millones de votos válidos.

[Giovanni Staunovo🛢 @staunovo]

#Venezuela Moves to Open Power Sector to Private Investment https://t.co/sx3ZFiPsG3

[Francisco J. Monaldi @fmonaldi]

https://t.co/aslQqagZbu

[Reuters Venezuela @ReutersVzla]

Venezuela's oil exports rose to 1.25 million bpd in May, shipping data shows https://t.co/3IxO8O8hJo

[Economía Hoy ®️ @economiahoyve]

Exportaciones petroleras venezolanas a EEUU crecen 19% en el primer trimestre y rozan los 28 millones de barriles #OOTT https://t.co/jaHLuSSFVa