Once the country’s lifeline, Venezuela’s oil industry has been decimated, the product of decades of neglect and mismanagement. As Venezuela’s economic and humanitarian crisis worsens and political conditions deteriorate ahead of upcoming presidential elections, the Adrienne Arsht Latin America Center, in partnership with the Global Energy Center and Eurasia Center, hosted a timely conversation on March 13, 2018 on the future of Venezuela’s oil industry and the implications of the entrance of foreign actors into the space. The event marked the launch of The Collapse of the Venezuelan Oil Industry and its Global Consequences
, a new policy brief by Francisco Monaldi
, Atlantic Council author and fellow in Latin American Energy Policy at Rice University’s Baker Institute. The brief details what’s ahead for the crisis-ridden country and its energy industry.
The panel discussion, moderated by Center Director Jason Marczak
, convened Monaldi; David Goldwyn
, chair of the Atlantic Council Energy Advisory Group and senior fellow in the Latin America Center; Rebecca Chávez
, former deputy assistant secretary of defense for Western Hemisphere Affairs at the US Department of Defense; Kerry Contini
, partner at Baker McKenzie’s Outbound Trade Practice Group; and David Smolansky
, former mayor of El Hatillo Municipality in Venezuela and deputy secretary general of Voluntad Popular.