In the space of less than a decade Venezuelas once-mighty oil industry, the petrostates economic backbone, has nearly collapsed. Since Maduros predecessor Chavez took power in 1999 and launched his socialist Bolivarian revolution the founding OPEC members petroleum production has steadily declined. ...

https://oilprice.com/Energy/Energy-General/Venezuelas-Oil-Industry-Needs-Biden-To-Lift-Sanctions.html

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