ConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls Short
9 Articles
9 Articles
ConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls Short
The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince firms to invest.
One of the largest oil companies in the world evaluates their return to Venezuela: the company to which Chávez expropriated $12 billion in assets. Photo: taken from X@conocophillips The Executive Director of ConocoPhillips, Ryan Lance, said Wednesday that Venezuela's changes to Hydrocarbon Law are far from sufficient to convince international companies to invest in the country, and ConocoPhillips speaks from experience: the company, one of the w…
The executive president of ConocoPhillips, Ryan Lance, warned that the changes introduced to Venezuelan oil legislation to attract foreign investment are far from sufficient to convince the big companies in the sector to bet on Venezuela. “They have a long way to go. The current hydrocarbon law is not enough to attract a large amount of investment. A 95% government participation will not achieve it. Obviously they have much more work to do on th…
ConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls Short - Energy News, Top Headlines, Commentaries, Features & Events
By Jennifer A Dlouhy The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince firms to invest. The recent changes to Venezuela’s oil law intended to entice foreign drillers still give the government wide latitude to ...
Is the plan of the President of the United States, Donald Trump, to attract oil investors to Venezuela working? ConocoPhillips set a position on this question, which is one of the many that are formulated from both countries since the capture of Nicolás Maduro on January 3rd and the implementation of the three—stabilization, recovery and transition—that has been implemented since then. ConocoPhillips executive director Ryan Lance, in statements …
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