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Maduro's presidency leaves little hope for oil companies

When a stagnant economy and a moribund energy sector, Venezuela needs pragmatism rather than politics. But Maduro's elevation to the presidency leaves little room for hope

If oil companies were hoping for clarity from Venezuela’s 14 April presidential election, they were left disappointed. Nicolas Maduro, the late-president Hugo Chávez’s hand-picked successor, was expected to romp to victory over challenger Henrique Capriles, and earn a clear mandate to carry the torch for Chavismo. Maduro won the vote, but  only by the slightest of margins, edging out Capriles by 50.8% to 49%.Capriles, though, has rejected the result. Alleging ballot stuffing, voter intimidation and other irregularities in the vote he demanded a full recount. Maduro initially acceded, but quickly backtracked. The national election commission, by contrast, initially resisted a full recount of

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