Venezuela oil deals raise institutional legitimacy concerns, warns Laboratorio de Paz

Laboratorio de Paz warns that recent oil agreements in Venezuela raise questions about the legitimacy of institutions signing long-term contracts, beyond just investment inflows. The organization stresses that national and international capital is needed to address the humanitarian emergency, recover the oil industry, and rebuild infrastructure, but institutional reconstruction is a prerequisite. This reflects ongoing concerns about governance and contract sanctity in Venezuela's oil sector.