Venezuela’s Oil Revival Accelerates as Foreign Companies Return

Hundreds of oil executives have flocked to Venezuela’s capital city of Caracas this week for the first major industry event in the country in decades. The Venezuela International Oil & Gas Summit is taking place nine months after the U. S. captured Nicolas Maduro, installed a U. S.

-friendly administration, and vowed to open Venezuela’s oil reserves – the world’s biggest – to development by international companies.