The country has the chance to change direction, open up, and win the investment that would transform its natural and human resources into the economic engine needed. It just needs the will.
Old fields could produce 400,000 barrels of oil per day within a year and there are some large natural gas reserves to exploit, but investment is needed to make the most of the opportunity.
Promising new discoveries, big new deals on gas, and a successful second public share offering is shaping one of the world's biggest companies to beat its own high expectations.
Streamlining the public sector, enhancing the role of the private sector, and reviewing financial policies away from sovereign funds are just some of the reforms needed. Time is running out.
In an interview with Al Majalla, the prominent French jurist discusses Israeli and Western duplicity, their violation of international law, and why Israel bears the cost of Gaza's reconstruction
Pressure builds on Venezuela after Trump appoints himself 'acting president'. With Colombia, Mexico and Cuba seemingly also in the line of fire, they will be closely watching what happens in Caracas.
Scrapping foreign ownership caps and qualifying criteria will bring in more capital, with markets reacting positively to the latest reforms that build towards a more open country
The US designates the Muslim Brotherhood in Egypt, Lebanon and Jordan as "terrorist" groups, citing alleged support for "activities against Israeli interests in the Middle East" as the reason