Recently Released Market Study: Venezuela Oil & Gas Report Q2 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 October 2012 elections also generates fresh uncertainty with regard to the outlook for the country's oil production. Huge heavy oil potential and now signs that gas self-sufficiency - and more - can be achieved, means that Venezuela is in a strong position, if it can keep the political situation under control.
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