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US oil firms trying to get into Venezuela are reportedly facing difficulties, WSJ reports citing sources

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US oil firms face catastrophic infrastructure decay and historical legal risks in Venezuela, creating a deep divide between rising crude exports and failing domestic refining capabilities.

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ExxonMobil (XOM), Chevron (CVX) and other major oil companies are reportedly vying for a small number of Venezuela's most attractive drilling spots, but some of the talks with Venezuelan leaders recently hit an impasse.

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