Venezuela: The Post-Maduro Oil, Gas and Mining Outlook
The country could see a relatively rapid recovery of some oil production, depending on the leadership that emerges.
The capture of Nicolás Maduro by U.S. forces carries potentially dramatic consequences for Venezuela – including in its oil, gas and mining sectors. A partial recovery could come more quickly than some pessimists have contended. But this optimistic scenario depends on what kind of political leadership comes next. Despite holding the world's largest oil reserves, Venezuela’s oil industry has seen production decline over the decade-plus of the Maduro regime by almost 2 million barrels per day to its current level of about 1 million b/d. Oil is not the only...
Read this article on the Americas Quarterly website. | Subscribe to AQ.
