Machado Cites Need for Democracy in Oil Sector
Opposition leader Maria Corina Machado stated that only a democratic government can provide stability for Venezuela's oil sector. International firms recently committed to expanding projects under interim leadership.
Xurve View
Insights:
Xurve View
Opposition leader Maria Corina Machado said Venezuela needs democratic governance to secure energy investments, following new oil expansion deals signed by United States firms. The agreements involve energy majors aiming to revive local crude production currently running at 1.25 million barrels per day. The push comes as foreign companies commit fresh capital to the Latin American nation's struggling petroleum sector.
