Venezuelan 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...
By David Wethe · Bloomberg Markets
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.