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Venezuela: New Oil Deals Despite Risky Investment Climate

Highlights − France’s Total, Norway’s Statoil-Hydro, and Italy’s Eni, sign new oil deals with Venezuela − Petróleos de Venezuela, S.A (PDVSA) unable to develop and maintain nation’s oil reserves − A risky investment climate remains As Venezuelan President Hugo Chavez continues to deny US oil conglomerates with his right hand,

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