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Post-Chávez era holds potential perils and promise

The post-Chávez era holds potential perils and promise for investors from Houston to Beijing to Moscow

The death of Hugo Chávez, who dominated Venezuela’s political scene during his 14 years as the country’s president and reshaped its economy under the banner of “Bolivarian socialist revolution”, heralds a new and uncertain era for the Opec-member’s oil industry. The direction the industry takes will, to a large extent, depend on who emerges as the country’s next leader. Chávez’s vice president and anointed successor, Nicolás Maduro, has assumed the presidency and will take on leading opposition candidate Henrique Capriles in a special election due on 14 April. The ruling United Socialist Party of Venezuela (PSUV) wasted no time announcing Maduro,

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