Smaller players are eager to recommence talks with Venezuela over its crude oil opportunities before the majors start their attack. The eventual easing of sanctions on Venezuelan oil under President Joe Biden’s Administration could allow Venezuela to once again take centre stage in Latin American oil. President Maduro recently stated on national television, “I want to tell investors from the U.S. and around the world that Venezuela’s doors are open for oil investment”. By Felicity Bradstock. Full Text -> OilPrtice
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¿What the evidence says about the effects of the sanctions?