Venezuela Opposition Leader María Corina Machado Addresses Oil and Gas Executives Amid Investment Skepticism.
ByAinvest
Tuesday, Mar 24, 2026 5:45 pm ET1min read
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Venezuela opposition leader María Corina Machado addresses oil and gas executives at CERAWeek in Houston. The industry hesitates to invest in Venezuela after the US ousted former President Nicolás Maduro. Machado leads the opposition movement seeking a transition to democracy and market economy. US oil and gas companies are skeptical and require major political reforms to protect investments. CEO Ryan Lance of Conoco says Venezuela owes the company $12 billion from asset expropriation and reform of oil laws is "woefully inadequate".
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