Washington Post: Experts have said any significant new oil extraction from the deal could be years in the future. Oil industry officials also question how willing large firms will be to get involved.
“No publicly traded company is going to want to invest in this,” said Ed Hirs, an energy economist and consultant who advises oil and gas companies on deals. “Betancourt has been under investigation. That is close enough to the line legally that no U.S. board of directors is going to be comfortable going in alongside him.”
Hirs also said companies will be concerned about the durability of the deal once Trump leaves office. “Delcy Rodriguez negotiated this with a gun to her head,” he said…