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National News

The Times of India

National / The Times of India

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Oil Not Well: Why ExxonMobil thinks Venezuela is 'uninvestable'

This collapse is central to the scepticism voiced by oil companies. Restoring production on a meaningful scale is not a matter of restarting wells. It would require rebuilding pipelines, upgraders, refineries, power supply and skilled manpower, all of which demand long-term capital commitments.

10 Jan 2026 7:15 pm