US companies sign oil deals with Venezuela's PDVSA
Two Texas-based energy firms, SLB and Hunt Oil Company, signed contracts with Venezuela's state oil company PDVSA in Houston, according to Venezuelan state media. The deals come after the United States' capture of President Nicolás Maduro earlier this year and public encouragement from U.S. President Donald Trump for American firms to invest in Venezuela's resources. Venezuelan officials touted legal reforms and invited companies to evaluate opportunities, while U.S. executives remain cautious about political stability and possible changes in U.S. policy; the agreements could spur renewed investment but actual resource deployment remains uncertain.
Two U.S. firms signed contracts to work with PDVSA.
Context
The United States captured President Nicolás Maduro earlier this year. After that, U.S.…
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