View attachment 8392070

️


FT: (
https://www.ft.com/content/84e05c24-ca30-416d-9f7e-1798a28f29c3) Senior executives from major American oil companies have told the U.S. government they will require strong legal and financial guarantees before committing significant investment in Venezuela’s energy sector, including crude supply deals.
Executives are seeking clarity on government backing, contractual enforceability and investment protections before committing capital to boosting production or supply infrastructure.
One private equity investor explained the need for guarantees:
“No one wants to go in there when a random fucking tweet can change the entire foreign policy of the country.”