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International

Oil majors pull out of Venezuela amid political unrest

August 09, 2017 Reprints

Oil and gas firms, including Spain-based Repsol S.A., U.S.-based Chevron Corp. and France-based Total S.A., are calling back their staff from Venezuela amid political unrest, Thisismoney.co.uk reported, citing Bloomberg. Venezuela is unable to pay back creditors, with its economy struggling under the weight of triple-digit inflation and shortage of food and medicine.

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Oil majors pull out of Venezuela amid political unrest

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