The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign capital to the industry. According to a Bloomberg report citing unnamed sources familiar with the matter, CNPC is sending engineers and other staff to Venezuela and talking to local companies for maintenance operations at an oil-blending plant that the Chinese company operates together with PDVSA. The Bloomberg sources also said CNPC was in talks with Venezuelan companies to ramp up oil production…
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