Two U.S. investment funds have formed a joint venture to invest in Venezuela's oil industry. The funds, Gramercy Funds Management and Amos Global Energy, will partner with a division of Inelectra Group, a Venezuela-based company, which has a stake in an oil project off the eastern coast of Venezuela, where oil was discovered in 2001, Reuters reported.
The move may be a signal that the initial signs of thawing in Washington's relations with Caracas are now multiplying. Despite the fact that U.S. companies are only barred from doing business with…U.S. Funds Set Sights On Venezuela Oil Investment
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