Reported 3 months ago
The recent reelection of Nicolás Maduro in Venezuela raises concerns about the recovery of the nation’s oil industry, as it casts doubt on the credibility of electoral processes and foreign investment prospects. With oil output plummeting over 70% since the early 2000s due to socialist policies and nationalization of assets, experts predict only a marginal increase in production by 2025, leaving the sector in a state of stagnation and dependency on international support.
Source: YAHOO