Venezuela Lands Billions in Oil Deals as Industry Rushes Back

International companies are flocking back to Venezuela, with deals worth billions getting closed under U. S. management of the country’s oil resources. Venezuela’s oil exports hit a seven-year high in March, and this may be just the beginning of a major rebound.

Big Oil was quick to signal interest in Venezuela’s oil—and natural gas—almost as soon as the United States ousted President Nicolas Maduro and effectively took over Venezuela’s oil industry.