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Chevron, Repsol Poised to Capitalize on Venezuelan Oil Opening

(Bloomberg) -- Venezuela has an opportunity to resuscitate the linchpin of its economy — oil — now that punishing US sanctions have been relaxed. The surprise move on Oct. 18 allows international companies to apply the full weight of their expertise and technology to crude fields and infrastructure that atrophied amid years or underinvestment, civil turmoil and international isolation. Most Read from BloombergIsrael Latest: Biden Sees Israel-Saudi Thaw as Motive for AttackIntel, Si...
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