America’s biggest energy company, Exxon Mobil, made a big bet on a risky oil prospect in Guyana, a small South American nation. Now the oil giant is entangled in the fight for the country’s political future.
Author: ANATOLY KURMANAEV and CLIFFORD KRAUSS
To Survive, Venezuela’s Leader Gives Up Decades of Control Over Oil
Faced with a severe economic crisis, the country’s leader, Nicolás Maduro, is letting foreign firms take over daily operations of its oil fields. It’s a break with core tenets of his socialist revolution.
Ethnic Rifts in Bolivia Burst Into View With Fall of Evo Morales
As the country’s first Indigenous president has tumbled from power, Indigenous Bolivians fear the loss of their hard-won political gains, and say a racial backlash has begun.
U.S. Sanctions Are Aimed at Venezuela’s Oil. Its Citizens May Suffer First.
Venezuela’s oil company has found ways to weather sanctions aimed at ousting President Nicolás Maduro. How ordinary people will survive them is a different question.