After years of stagnation... equipment arrives in Venezuela to revive the oil sector.

Nabib, the company selected to manage the agreement granting Washington a share of Venezuela’s massive oil reserves, announced the arrival of new oil equipment in the country. This move signals the start of concrete efforts to revitalize the fields following more than a decade of underinvestment.Under the agreement announced late last August between Washington and Caracas, North American Blue Ener…