The reconstruction of Venezuela's oil sector is a historic opportunity for the country, but there is also a risk of repeating old practices of opacity and arbitrariness.
The reactivation of Venezuelan oil opens an opportunity for Latin America to capture value not only in extraction, but also in industry, services, and finance.
The arrival of Gustavo Petro and Francia Márquez to government in Colombia has come as a shock to many, including leftist governments, that think of development based on extractivism.