Watch Venezuela opposition leader María Corina Machado address oil and gas executives in Houston
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María Corina Machado, a prominent Venezuelan opposition leader, addressed oil and gas executives in Houston, emphasizing the potential for investment in Venezuela's oil sector. Her comments highlight the ongoing hesitance of the oil industry to engage with Venezuela following the U.S. ousting of former President Nicolas Maduro. Machado's outreach aims to reshape perceptions and encourage foreign investment in a country rich in oil reserves.
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Venezuela, once a leading oil producer, has seen a significant decline in investment and production due to political instability and sanctions. The transition of power from Maduro has left many investors cautious, even as the country offers lucrative opportunities in its oil sector. Machado's leadership represents a potential shift in Venezuela's political climate, which could influence future investment decisions.
This article reflects the views and statements of María Corina Machado and does not necessarily represent the opinions of CNBC.
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