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US To Prioritize Existing Investors For Venezuela Oil Licenses

Oil tanker on Lake Maracaibo, in Cabimas

The United States is reportedly planning to give preference to existing investors for Venezuela oil licenses, according to exclusive sources. This move is expected to impact the oil industry in Venezuela significantly.

The decision to favor existing investors is seen as a strategic move by the US government to maintain stability in the oil sector and ensure continued production. By giving preference to current investors, the US aims to provide a level of certainty and security for those already involved in Venezuela's oil industry.

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