
Oil services giant SLB to pounce on Trump’s Venezuela opening
🤖AI Özeti
Shares in SLB, the world's largest oilfield services company, have surged by 14% following the US's capture of Nicolás Maduro. This development is seen as a potential opening for increased oil exploration and production in Venezuela. Investors are optimistic about the implications for SLB's operations in a country rich in oil reserves.
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📚Bağlam ve Tarihsel Perspektif
Venezuela has the largest proven oil reserves in the world, but years of mismanagement and sanctions have crippled its oil industry. The recent political developments in the country could lead to a reopening of its oil markets to foreign investment, which has been largely absent in recent years.
This article is for informational purposes only and does not constitute financial advice.
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