Can Venezuela’s Oil Industry Come Back From The Dead? ...Middle East

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Can Venezuela’s Oil Industry Come Back From The Dead?
Smaller players are eager to recommence talks with Venezuela over its crude oil opportunities before the majors start their attack. The eventual easing of sanctions on Venezuelan oil under President Joe Biden’s Administration could allow Venezuela to once again take centre stage in Latin American oil.  President Maduro recently stated on national television, “I want to tell investors from the U.S. and around the world that Venezuela’s doors are open for oil investment”.  Since 2019, U.S. sanctions on Venezuela…

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