Can Venezuela’s Oil Industry Bounce Back With The Help Of Iran? ...Middle East

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Can Venezuela’s Oil Industry Bounce Back With The Help Of Iran?
source : OILPRICE ( Middle East ) () 20
After five years of plunging oil production and experiencing the near-collapse of its economically crucial petroleum industry and the worst peacetime economic crisis of the modern age, there are signs a recovery is underway in Venezuela. For some time, President Nicolás Maduro has claimed Venezuela’s once-mighty petroleum industry is recovering, yet plummeting crude oil output, deteriorating infrastructure, and numerous oil spills indicate otherwise. The latest numbers from OPEC, of which Venezuela was a founding member, indicate that…

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