Navigation


 WBC World News


 Go back to the forum

WBC - World Business Center   

Venezuela Constituent Assembly seeks to woo private oil investment

Fernanda Nunes | Published on the wed Sep 12, 2018 4:35 pm | 824 Views

CARACAS (Reuters) - An overhaul of Venezuela’s constitution being prepared by the pro-government Constituent Assembly will likely include changes intended to attract private investment in the country’s oil fields, according to two assembly members.

Production by the OPEC nation’s oil industry is at a 60-year low, leaving President Nicolas Maduro’s government strapped for cash as it grapples with hyperinflation and a fifth year of economic contraction.

Read more: https://www.reuters.com/article/us-venezuela-oil/venezuela-constituent-assembly-seeks-to-woo-private-oil-investment-idUSKCN1LS29A

About the author