EnergyHighReportedAccelerating
8.8
US firm PCEC to invest $3.5B in Venezuela oil reactivation
ClarínLO·US · VE·1 day ago
Acting President Delcy Rodríguez announced that international financial institutions will disburse USD 12 billion to Venezuela following the restoration of relations with the IMF, World Bank, and IDB. The announcement also includes an electrical reform plan before December. This marks a significant shift in Venezuela's international financial standing, though the specifics of the disbursement timeline and conditions remain unclear.
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