Venezuela In Talks With Oilfield Services Firms To Revive Oil Production

After the sanctions relief from the U.S. last month, Venezuela is in contact with domestic and international oilfield services providers to help it ramp up crude oil production, Reuters reported on Monday, citing sources close to the negotiations. Venezuela’s state-controlled oil firm PDVSA is discussing hiring equipment and services from oilfield services suppliers now that the United States has lifted sanctions on Venezuela’s oil industry after the Nicolas Maduro government reached a deal with the opposition that could see…