Recently Released Market Study: Venezuela Oil & Gas Report Q3 2012
BMI View: By supplying oil to Syria, Venezuela may have exposed itself to the threat of sanctions. The ill health of President Hugo Chavez ahead of elections in October 2012 also generates fresh uncertainty about the outlook for the country's oil production. The country has huge oil potential and there are signs that gas self-sufficiency can be achieved; this means that Venezuela is in a strong position, providing it can keep its political situation under control.
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