Venezuela Oil No Easy Fix After Brain Drain, Asset Seizures
- In March, the country produced the least oil it has since 2003
- Loss of engineers, service companies hinder any output boost
This article is for subscribers only.
A turnaround for Venezuela’s oil industry, the lifeblood of the South American country’s ailing economy, would take at least two years under the best of circumstances.
Under business as usual, it might be virtually impossible.