US $100bn Venezuela Oil Bet Faces Years-Long Wait
4 Articles
4 Articles
Decades and $ 85 bi separate Venezuela from the peak of production; understand the obstacles
News of the Day and the Hour Latest News of the day The United States Embassy in Caracas indicated that thanks to President Donald Trump's leadership, a new era of investment and production in energy is consolidating in the Caribbean nation, "achieving greater prosperity and energy security for the United States and Venezuela."
DOBLE LLAVE – U.S. Energy Secretary Chris Wright insisted that, following the new agreements being signed with U.S. oil companies, oil production in Venezuela will increase by 50% by 2027. “I said from the beginning, when President (Donald) Trump approved these measures, that within twelve to 18 months Venezuelan production would increase by 50%. I reaffirm this prediction,” Wright explained in an interview with the CNBC chain in Caracas. “The f…
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