Bloomberg
US · 1 hrs ago
✦ 78◉ Centre
Venezuela Revises Oil Contract Terms to Entice Wary Investors
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Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Venezuela has revised proposed oil contract terms for international energy companies following complaints that the original draft was overly favourable to the government and incompatible with US licensing requirements.
Venezuela Revises Oil Contract Terms to Entice Wary Investors
Venezuela has revised a proposed contract for energy companies to work in the nation’s oil fields after drillers complained the initial draft gave too much leverage to Caracas and was out of sync with US license rules.
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