Venezuela is handing over oil fields to private companies for the first time since the 1990s

Venezuela is handing over oil fields to private companies for the first time since the 1990s

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Caracas is preparing the return of oil contracts with private companies that were last used in the 1990s before the Chavez era that made PDVSA the one and only operator of oil fields. Reuters reported this week it had seen a draft of the…

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