Story thread · 2 reports / 2 sources

Venezuela’s Oil Revival Accelerates as Foreign Companies Return

oilprice.com · 2hShare

Hundreds of oil executives have flocked to Venezuela’s capital city of Caracas this week for the first major industry event in the country in decades. The Venezuela International Oil & Gas Summit is taking place nine months after the U.S. captured Nicolas Maduro, installed a U.S.-friendly administration, and vowed to open Venezuela’s oil reserves – the world’s biggest – to development by international companies. The sold-out event has attracted executives from international majors, regional companies, and relatively…

First report: How Venezuela's Betancourt Courted Trump, Caracas for Oil Deal After Maduro — bloomberg.com, 1d