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Schlumberger lets go of workers in Venezuela as it scales back

Oilfield services company Schlumberger has let go of workers and pulled out of projects as it cuts operations in crisis-stricken Venezuela, sparking worker protests and heightening worry over the OPEC country's slumping oil

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South America :: Venezuela — The World Factbook - Central - CIA

almost six times the size of Georgia; slightly more than twice the size of California However, since 2014, falling oil prices have driven a major economic crisis that has pushed Venezuelans from all walks of life to migrate to the court to replace a series of judges, it argued, had been illegally appointed in late 2015 by the outgoing, socialist-party-led Assembly; project; mobile penetration below average for South America; MNO suffering from stolen or damaged infrastructure (2020).

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Crude Nation: How Oil Riches Ruined Venezuela

Crude Nation: How Oil Riches Ruined Venezuela eBook: Gallegos, Raúl: Kindle Store. File Size : 1204 KB; Publisher : Potomac Books (October 1, 2016); ASIN : B01KBN0HYY; Word Wise : Enabled; Print Length : 263 pages

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Crisis in Venezuela

The Venezuelan Crisis is an ongoing socioeconomic and political crisis that began in Venezuela on June 2, 2010 during the presidency of Hugo The social works initiated by Chávez's government relied on oil products, the keystone of the Venezuelan economy, entitled "Venezuela's humanitarian emergency: Large-scale UN response needed to address health and food crises". The Associated Press said Maduro "suppress[es] information" and has made the problem worse.

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History of the Venezuelan oil industry

Venezuela is one of the world's largest exporters of oil and has the world's largest proven oil reserves at an estimated 296.5 billion barrels (20% This was managed largely via maintaining export quotas that helped prevent the overproduction of oil on an international scale. Tinker Salas, The Enduring Legacy: Oil, Culture, and Society in Venezuela(United States: Duke University Press, 2009), 6.

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Direct Distribution of Oil Revenues in Venezuela - The Web site

Venezuela is a textbook example of a resource-dependent country—between 1950 and 2008, oil an economy that is stagnant, despite high oil prices, with an increasingly authoritarian government. Size and Sustainability of the Resource Rent . discussed below, new advances in biometric technology and mobile financial services have MIT Press. Manzano, O. and Scrofina, J.S., (forthcoming). Resource Revenue Management in. Venezuela: A Consumption Based Poverty

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Venezuela - AP News

News from The Associated Press, the definitive source for independent journalism from every corner of the globe.

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U.S. Counts on Global Crises to Press Again for Power Shift in

Yet there is no indication Nicolás Maduro will step down, despite little assistance to confront the coronavirus and losing an economic lifeline during an oil spat between Russia and Saudi Arabia. President Nicolás Maduro of

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Instability in Venezuela | Global Conflict Tracker

Venezuela's infrastructure has been poorly maintained, recently leading to a series of country-wide blackouts in March 2019 that left Russia, meanwhile, continues to support the Maduro government, sending Russian troops to Venezuela in March 2019 and helping the government evade sanctions on the oil industry. By 2014, large-scale anti-government protests erupted across the country and, in 2015, voters expressed their Christine Armario Associated Press August 7, 2019.

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