CERAWEEK: Machado pitches oil industry on 5 million b/d Venezuela potential

Venezuela has the potential to increase crude production to 5 million b/d if a democratic transition leads to sustained legal overhauls and long-term foreign investment, Venezuela opposition leader and 2025 Nobel Peace Prize winner Maria Corina Machado said March 24. In a speech at CERAWeek by S&P Global Energy in Houston, Machado said reaching that potential would require $150 billion inVenezuela has the potential to increase crude production to 5 million b/d if a democratic transition leads to sustained legal overhauls and long-term foreign investment, Venezuela opposition leader and 2025 Nobel Peace Prize winner Maria Corina Machado said March 24. In a speech at CERAWeek by S&P Global Energy in Houston, Machado said reaching that potential would require $150 billion inRead More