EconomyVenezuela to hand Chinese- and Russian-run oil fields to U.S.-backed operator

North American Blue Energy Partners (NABEP) will take operational control of several Venezuelan oil fields previously run by Chinese companies and a Russian firm, according to two U.S. officials. The company will receive 14 production contracts, while the U.S. government will hold rights to a 35% stake and preferential access to 20% of its oil at cost. Officials said the deal could help Venezuela attract about $100 billion in private investment to rebuild its economy.

VenezuelaoilU.S. investment

MMeduza★★★★☆2026-09-01 17:23Original