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Venezuelan Oil Opening Is ‘Smoke and Mirrors,’ Pickering Says
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarLegal & Litigation
High-profile agreements permitting foreign drillers to access Venezuela's large oil reserves have not resolved investor concerns over contract sanctity. Energy banker Dan Pickering cited Venezuela's history of nationalization as a continuing risk to foreign investment and the durability of the new drilling deals.
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