ReferIndia News Venezuela's Oil Export Woes: A Tightening Noose Amid Political Turmoil

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Venezuela's Oil Export Woes: A Tightening Noose Amid Political Turmoil

Published on: Jan. 4, 2026, 10:42 p.m. | Source: Devdiscourse

Venezuela's state oil firm PDVSA has asked joint ventures to reduce crude production due to an export halt, impacting the interim government following President Maduro's capture by the U.S. Sanctions and embargo have crippled exports, the nation's key revenue source, pressuring a political transition.

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