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International Business Times
International Business Times
Business
Margioni BERMUDEZ

Oil: 'Mother Of Corruption' In Venezuela

Tareck El Aissami is not the first Venezuelan ex-oil minister to be arrested on corruption charges (Credit: AFP)

Corruption in Venezuela's oil industry is a many-headed monster that has devoured billions of dollars in taxpayers' money in the past 20 years, experts say.

Long the country's only notable export and foreign currency earner, oil became a doorway to political and economic power.

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