Business owners in Venezuela’s oil hub of Cabimas are hoping renewed drilling activity will revive their fortunes, with hotelier Aníbal Landaeta investing in upgrades for expected foreign executives. Venezuelan firm Suelopetrol has reportedly proposed investing $600m in nearby fields through 2039. But residents face power cuts lasting up to 12 hours daily and wages that fail to cover basic needs, raising questions over whether any recovery can be sustained.
Al Jazeera’s Noris Argotte Soto reports from Cabimas, Venezuela.
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