July 26, 2018 / 12:20 AM / a month ago

Venezuela's Maduro grants oil bloc to central bank to boost reserves

Reuters Staff

1 Min Read

CARACAS (Reuters) - Venezuelan President Nicolas Maduro on Wednesday announced that he was granting an oil concession bloc in the vast Orinoco heavy crude belt to the nation’s central bank as a way of boosting its international reserves.

Reporting by Brian Ellsworth; Editing by Sandra Maler

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