US EditionConditions Not Met for Oil Firms to Invest in Venezuela, Expert Says
3 Articles
3 Articles
Conditions not met for oil firms to invest in Venezuela, expert says
President Donald Trump has urged top oil executives to invest in Venezuela's oil industry following the capture of Nicolas Maduro by US forces. However, his push has been met with caution, as the conditions for oil firms to invest in Venezuela are not yet met, said Francis Perrin, Senior Research Fellow at IRIS, citing three key requirements: “security, long-term stability and profitability.”
A week after the United States capture Nicolas Maduro under the argument to judge him by drugs and with a view to controlling Venezuelan oil, Donald Trump's government received a very negative message from Exxonmobil, the largest oil producer in the United States. They say it is impossible to invest in Venezuela. “Today, it is impossible to invest in Venezuela”, said President Darren Woods, after the Republic has forced oil companies to invest U…
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