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Venezuela embarks on $150 billion restructuring of debt amid political turmoil
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Venezuela embarks on $150 billion restructuring of debt amid political turmoil

CNBC·Chloe Taylor·19 days ago
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Venezuela's interim President Delcy Rodriguez speaks during a press conference after a signing of an agreement ceremony between Chevron Venezuela and the national government at the Miraflores Palace in Caracas on April 13, 2026. Venezuela's interim president, Delcy Rodriguez, praised on April 13 the progress made in the oil sector regarding foreign investment as part of the signing of agreements with the U.S. giant Chevron to increase crude oil production. (Photo by Juan BARRETO / AFP via Getty Images) Juan Barreto | Afp | Getty Images The Venezuelan government announced Wednesday that it has begun a "comprehensive and orderly process" for restructuring its enormous sovereign and state oil company debt.…

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