Seven Months After Maduro's Fall, Big Oil Still Won't Commit To Venezuela

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Venezuela's long-awaited oil revival has been slower than many in Washington anticipated, according to the Wall Street Journal. Seven months after Nicolás Maduro's removal, negotiations between the interim government and major U.S. energy companies remain bogged down, with no landmark investment deals despite the country's vast crude reserves. Rather than rushing back into the country, firms such as ExxonMobil and Chevron are taking a cautious approach. Executives remain wary of Venezuela's history of nationalizing foreign assets, unresolved...