Venezuela Opens Oil Sector to Global Investors Amid Major Policy Reforms
Venezuela Opens Its Oil Sector to Global InvestorsVenezuela’s acting President Delcy Rodríguez preached of lucrative long-term opportunities in her resource-rich country at a Saudi-backed investment summit on Wednesday, offering a window into how Venezuela’s government is trying to lure investors to its oil sector. Addressing the Miami summit from Venezuela, Rodríguez presented a reformed industry — one that has opened up to private capital, international arbitration and scrutiny in the less than three months since the U.S. military captured her predecessor, Nicolás Maduro, and the White House began implementing a phased plan to turn the troubled country around. She didn’t mentioned Maduro,...
