Conditions not met for oil firms to invest in Venezuela, expert says
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President Donald Trump has called on major oil executives to consider investing in Venezuela's oil sector after the recent capture of Nicolas Maduro by US forces. However, expert Francis Perrin warns that the necessary conditions for such investments are still lacking. He emphasizes the importance of security, long-term stability, and profitability as critical factors that must be addressed before oil firms can confidently enter the Venezuelan market.
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Venezuela has one of the largest oil reserves in the world, but years of political turmoil and economic mismanagement have severely impacted its oil production capabilities. The recent political developments have opened up discussions about foreign investments, yet the underlying issues remain a barrier to entry for many firms.
This article reflects the opinions of the author and does not necessarily represent the views of France 24.
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