Venezuela Oil Opening Is ‘Smoke and Mirrors,’ Pickering Says

Venezuela Oil Opening Is ‘Smoke and Mirrors,’ Pickering Says

Recent high-profile deals allowing foreign drillers to tap Venezuela’s vast oil reserves have failed to quell lingering concerns about contract sanctity in a nation with a history of nationalization, said energy investment banker Dan Pickering.

Recent high-profile deals allowing foreign drillers to tap Venezuela’s vast oil reserves have failed to quell lingering concerns about contract sanctity in a nation with a history of nationalization, said energy investment banker Dan Pickering.
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