Venezuela’s crude oil reserves are recognized as the largest in the world. But the country’s economic crisis, as well as sanctions imposed by the US, have scared off drillers and industry leaders from operating in the country. Now, Venezuela is trying to make up those losses by signing deals with little-known players in the industry. The World’s Carol Hills interviews Luc Cohen, who covers Venezuela for Reuters, about one US energy firm trying to enter the Venezuela’s market and increase its oil output.
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