ConocoPhillips sent a team to Venezuela to "evaluate" oil opportunities
The U.S. oil company ConocoPhillips sent a team of professionals to Venezuela this week to evaluate oil and natural gas opportunities in the South American country, a company spokesman confirmed to EFE. The Houston, Texas-based company left Venezuela in 2007, along with other foreign companies, after then-President Hugo Chávez nationalized the last fields operated by the private sector.
TL;DR
- ConocoPhillips sent a team to Venezuela to evaluate oil and natural gas opportunities.
- The company is based in Houston, Texas.
- ConocoPhillips exited Venezuela in 2007 after nationalization of private fields by President Hugo Chávez.