Open Power Sector to Private Investment Venezuela’s
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Venezuela Moves to Open Power Sector to Private Investment
Venezuela’s National Assembly will debate a reform that would open the country’s electricity sector to private investment, allowing companies to generate, distribute and sell power under government concessions after more than 15 years of state control.
The back-channel bid to go soft on Maduro
When Marco Rubio was named secretary of State, many in both South Florida Republican circles and the American energy industry exulted. But one man who bridged both worlds knew he had a problem. A longtime investor in Venezuela, the main source of crude oil needed to produce the asphalt that had made his family rich, Harry Sargeant III kept relations with top officials in Caracas even as they seized most foreign oil holdings.