06 March 2013 19:27 [Source: ICIS news]
Canadian oil firms are closely watching developments in
An opening up of
However, analysts said that
“The new government – what’s probably going to be the Maduro government – will likely be a continuation of Chavez’s policies,” Michael Fitzpatrick, partner at energy research consultants Kilduff Group, said in a webcast media interview.
And even if
“Don’t forget, Chavez took [national oil major] PDVSA from being a widely-respected company to one that’s full of problems today” as political allies took over key management roles, Fitzpatrick added.
Risa Grais-Targow, a
“We could see [Maduro] being even more radical, given a situation where there are a lot of domestic political tensions, and where he doesn’t have the political capital of Chavez,” she said.
Other analysts said that should
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