«Significant injections of foreign capital» are needed for Venezuela to restore the daily production of 3,000,000 barrels of oil it had years ago.
The recent oil deals signed by various foreign oil companies to operate and extract crude in Venezuela have not yet dispelled investors' doubts about respect for contracts, said energy investment banker Dan Pickering.
In this regard, he said that «significant injections of foreign capital» are needed for Venezuela to restore the daily production of 3,000,000 barrels of oil (bpd) it had years ago, according to Bloomberg.