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Venezuela · Energy
Key Facts
Venezuela Tells Oil Firms to Bring Their Own Power Plants
Venezuela's draft oil rules would force foreign operators to generate their own power and run off-grid, exposing a frail grid threatening its oil revival.
TL;DRAI
Venezuela requires oil firms to build private power plants as its 2,000–3,000 MW grid deficit renders 95% of wells unreliable. This capex mandate shifts competitive advantage to larger operators and signals that grid fragility, not sanctions, is now the primary barrier to sector recovery.
894 words~4 min read
