Energy Dept. draws fire for slow pace of Venezuelan oil deals
Nearly eight months after President Trump predicted U.S. companies would "rapidly rebuild Venezuela's dilapidated oil industry" to boost production, no new petroleum deals have been finalized there with American firms.The U.S.
Reported by 1 outlet — Axios. See all sources ↓
Nearly eight months after President Trump predicted U.S. companies would "rapidly rebuild Venezuela's dilapidated oil industry" to boost production, no new petroleum deals have been finalized there with American firms.The U.S. Department of Energy is largely to blame, a dozen oil industry professionals, senior U.S. officials and Venezuela insiders tell Axios.Why it matters: The price of oil is climbing as the Iran war squeezes global supplies, spotlighting the absence of finalized deals in Venezuela — a nation with the highest estimated petroleum reserves on the planet."We have no new concessions.
Read the full report at Axios ↗
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- What's the story?
- Nearly eight months after President Trump predicted U.S. companies would "rapidly rebuild Venezuela's dilapidated oil industry" to boost production, no new petroleum deals have been finalized there with American firms.The U.S.
- How widely is it covered?
- 1 outlet, average source rating 7.0/10.
- When was it last updated?
- 13m ago.
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Energy Dept. draws fire for slow pace of Venezuelan oil deals
Sources1TypeCoverageAxios