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Oil: ‘Mother of corruption’ in Venezuela

By Inquirer - 7 months ago
CARACAS, Venezuela — Corruption in Venezuela’s oil industry is a many-headed monster that has devoured billions of dollars in taxpayers’ money in the past 20 years, experts say. Long the country’s only notable export and foreign currency earner, oil became a doorway to political and economic power. Since 1976, when Venezuela nationalized the commodity —

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