Venezuela Eyes $1.4 Billion in Oil Investments ...Middle East

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Venezuela Eyes $1.4 Billion in Oil Investments
source : OILPRICE ( Middle East ) () 78
Venezuela expects fresh oil investments of some $1.4 billion this year, which would be up from $900 million last year, interim president Delcy Rodriguez said, as quoted by Reuters. The investments will come from production-sharing agreements, the report noted, which are currently being discussed by the Venezuelan government and oil companies as part of an overhaul of the country’s oil legislation. The U.S. government earlier this month issued licenses allowing limited oil-related work in Venezuela. Under those licenses, oilfield service companies…

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