US oil deal promises a flood of investment in Venezuela. When will its people feel the benefits?

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The US and Venezuela have entered an oil production deal aimed at attracting massive investment to Venezuela, with hopes for economic recovery. Venezuela's vast crude oil reserves position it for potential growth following years of turmoil.

The enormous investments that the US and Venezuela have promised from their new oil production deal have brought cautious optimism that Venezuelans face a new period of prosperity after more than a decade of economic and social turmoil. As the country with the world’s largest proven reserves of crude oil, some analysts expect Venezuela to … The post US oil deal promises a flood of investment in Venezuela. When will its people feel the benefits? appeared first on Egypt Independent.