US's big plans for Venezuela's oil face political, economic challenges
US President Donald Trump has made no secret of his desire for American firms to take control of Venezuela's massive oil reserves. But the dilapidated state of the country's petroleum infrastructure will make exploiting those reserves difficult and expensive. Meanwhile, China is facing the loss of one of its key suppliers of sour, heavy crude. We take a closer look in this edition.
US President Donald Trump has made no secret of his desire for American firms to take control of Venezuela's massive oil reserves. But the dilapidated state of the country's petroleum infrastructure will make exploiting those reserves difficult and expensive. Meanwhile, China is facing the loss of one of its key suppliers of sour, heavy crude. We take a closer look in this edition.
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