EconomyProlonged power cuts threaten hopes for an oil revival in Venezuela’s Cabimas

Business owners in Venezuela’s oil hub of Cabimas hope renewed drilling will improve their fortunes. Hotelier Aníbal Landaeta is upgrading his property for expected foreign executives, while Suelopetrol has reportedly proposed investing $600m in nearby fields through 2039. But daily power cuts of up to 12 hours and wages that cannot cover basic needs cast doubt on a lasting recovery.