At the CERAWeek energy conference, the CEO of ConocoPhillips pointed out that Venezuela must undertake fundamental reforms of its fiscal system if it wants to significantly increase its oil production.

At the CERAWeek energy conference, the CEO of ConocoPhillips pointed out that Venezuela must undertake fundamental reforms of its fiscal system if it wants to significantly increase its oil production.

老虎证券2026/03/24 15:56

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The current tax framework in the country fails to attract the necessary capital injections, while expansion of the energy sector precisely depends on these critical investments. Only by systematically reforming fiscal and tax mechanisms can an internationally competitive business environment be created for oil development projects.

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At the CERAWeek energy conference, the CEO of ConocoPhillips pointed out that Venezuela must undertake fundamental reforms of its fiscal system if it wants to significantly increase its oil production.

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