Venezuela expects to attract approximately $76 billion in oil investment over 5 years
- 1Venezuela announced that it expects to attract nearly $76 billion in oil investment over the next 5 years
- 2A bilateral agreement with the U.S. covers 17 oil fields and includes plans to deploy 250 drilling rigs
- 3The country aims to rebuild its energy industry and increase crude oil production through 61 agreements, though the scale will depend on implementation
So what's the key point?
Venezuela announced that it expects to receive nearly $76 billion in investment for its oil industry over the next 5 years. However, the actual scale of the investment depends on how much of the agreements are carried out.
Source Bloomberg +1 · View original ↗
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