March 21, 2019 |
Several investment funds are banking on a change in government to unleash a wave of investments in Venezuela's ailing oil industry, LatinFinance has heard.
Earlier this month, Tudor, Pickering, Holt & Co, an energy investor and investment bank based in Houston, confirmed that it could form a $1bn-$3bn fund for the oil sector in Venezuela, but it added that it will only go to the country after President Nicolás Maduro leaves office.
"This is a very good idea, especially when Maduro exits the
Venezuela's petroleum industry needs at least $30bn to increase production, source says