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Exxon Is in Talks to Return to Venezuela as US Deals Accelerate
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarSanctions & Export ControlsCorporate Strategy & Outlook
ExxonMobil held talks with Venezuela's government this week about potentially re-entering the country, which holds the world's largest oil reserves. A return would expand ExxonMobil's long-term resource opportunities but remains contingent on political conditions and the US sanctions framework governing Venezuela's oil sector.
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