Venezuela is getting tens if billions in investments, and in exchange they build out their oil and gas sector to eventually allow the joint selling of the products
Investors get nothing, and expect nothing, for 10+ years
The deal is a bad idea because Venezuela is a pariah state for exactly a deal like this. Venezuela reneged and nationalized all the assets once everything was built up
You’re misunderstanding this deal
Venezuela is getting tens if billions in investments, and in exchange they build out their oil and gas sector to eventually allow the joint selling of the products
Investors get nothing, and expect nothing, for 10+ years
The deal is a bad idea because Venezuela is a pariah state for exactly a deal like this. Venezuela reneged and nationalized all the assets once everything was built up