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Oil Firms Say Venezuela Owes Them Billions Over Earlier Investments

Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.

© Adriana Loureiro Fernandez for The New York Times

A tanker docked near a refinery in Punto Fijo, Venezuela. The cost of restoring the country’s oil production after decades of decline is expected to be substantial.
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