Oil Companies Close in on Venezuela Despite Hurdles
Hundreds of executives are on a waiting list as companies pursue new exploration and production deals amid Venezuela’s oil-sector reopening.
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9 Articles
Venezuela’s Oil Revival Accelerates as Foreign Companies Return
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 …
A forum in Caracas brought together directors of companies that exploit crude oil in the country
Representatives of international oil companies showed themselves ready last Tuesday to operate in Venezuela in a new business climate under the tutelage of the United States, despite the operational challenges facing the national industry, as they said at the International Oil and Gas Summit (VIOGS 2026), held in Caracas. «All of Venezuela [...] The VIOGS 2026 Petroleras entry is preparing to expand in Venezuela: “It’s a tremendous opportunity”…
Oil companies close in on Venezuela despite hurdles
Venezuela sits on the world's largest proven oil reserves, but its current production of one million barrels of crude per day falls far short of the three million it averaged decades ago, with experts attributing the decline to years of corruption and poor management. The sold-out Venezuela International Oil and Gas Summit in Caracas, which runs until Wednesday, has attracted bosses from companies including European giants Repsol, Siemens, Maure…
Venezuela International Oil and Gas Summit brings together companies from the sector in Caracas to convince them to invest
Despite decline in production: Oil companies close in on Venezuela despite hurdles
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