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المشهد
US-Venezuela talks on oil sector progress
The United States and Venezuela discussed improving the stability of the oil market and reactivating financial mechanisms, amid a decline in Venezuelan oil production, which is currently over one million barrels per day. It is worth noting that production was over three million barrels per day twenty years ago. Experts attribute this collapse to years of corruption and mismanagement, while the Venezuelan government affirms that U.S. sanctions are the main cause of the production decline, despite their gradual relaxation since January. Venezuela is working on restructuring its debts and restoring relations with international financial institutions to support investment and revive its economy.
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