Related Articles
Forward article link
Share PDF with colleagues

Oil industry watches as Venezuelan drama unfolds

President Hugo Chávez's health crisis is providing uncertainty for Venezuela

Oil, the lifeblood of Venezuela's economy, continues to flow as president Hugo Chávez's health crisis unfolds. But investors in the Opec-member's oil industry have been left guessing over the future direction the country may take as they weigh up the future of billions of dollars of investment in new projects. Chávez went to Havana, Cuba, in mid-December for his fourth round of treatment since his cancer diagnosis was announced in July 2011. The normally loquacious Chávez himself has not spoken in public since December, and little is known about his condition. The void left by the official silence has been filled by rumour, much of which has speculated that the Chávez era is coming to an en

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy