July 25, 2024

Can Venezuela’s oil industry ever recover?

Courtesy of El Nacional

Any new government will have to quickly boost oil investment to the extent possible in the short term while pursuing medium-term economic diversification. Their success and the continued stability of Venezuela will depend on establishing better investment conditions, creating political and contractual stability, and planning long-term strategies for economic reconstruction that capitalize on the country’s oil wealth — but do not live and die by it. By Lisa Viscidi and Nate Graham. Full text-> Huston Chronicle

Translation/ Traducción