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Unidentified speaker says Venezuelan oil quarantine should remain until industry governance changes
Summary
An unidentified speaker argued that a quarantine on Venezuelan oil must continue until governance reforms stop illicit sales and allow reputable private firms to invest in dilapidated wells, saying current production benefits a few cronies rather than the Venezuelan people.
An unidentified speaker urged that international controls on Venezuelan oil remain in place until fundamental changes are made to how the country's oil industry is governed. The speaker said the goal is not simply "securing the oil fields" but to "ensure that no sanctioned oil can come in and out until they make changes to the governance of that entire industry."
The speaker described Venezuela's oil sector as operating like "pirate operations,"…
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