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re: Venezuela’s Vast Oil Wealth Could Become The World’s Largest Stranded Asset
Posted on 1/18/23 at 8:43 am to ragincajun03
Posted on 1/18/23 at 8:43 am to ragincajun03
What does Maduro have to do to get U.S. sanctions lifted? Are these measures a no go for Maduro?
Because until Maduro changes things in his country to lift U.S. sanctions no first world O&G operating company will want to come in and operate these Venezuelan O&G assets. Until then Maduro is stuck with third world O&G operations and restricted markets. Sounds like the ball is in his court if he wants to open up a larger revenue stream.
Because until Maduro changes things in his country to lift U.S. sanctions no first world O&G operating company will want to come in and operate these Venezuelan O&G assets. Until then Maduro is stuck with third world O&G operations and restricted markets. Sounds like the ball is in his court if he wants to open up a larger revenue stream.
Posted on 1/18/23 at 8:50 am to GumboPot
quote:
Because until Maduro changes things in his country to lift U.S. sanctions no first world O&G operating company will want to come in and operate these Venezuelan O&G assets. Until then Maduro is stuck with third world O&G operations and restricted markets.
Agree.
Posted on 1/18/23 at 8:54 am to GumboPot
I don’t believe this is true.. the majors here domestically have already begun albeit via “joint ventures”..look at the pricing of products along the GOM and you can already see its influence.. I think O&G will operate wherever the money is I don’t believe they will allow a bus driver stand in their way.. I could be wrong
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