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China Demands Rights Guarantee as US Firm Secures 100-Year Venezuelan Oil Deal

Call follows news that Caracas authorities have granted concessions covering 17 oilfields with proven reserves of about 65 billion barrels.

22 Articles

Center

Kremlin leader Vladimir Putin's efforts to maintain support for the Venezuelan regime have finally failed. It turned out that the Russian company that operates oil fields in this South American country will lose its assets, writes Bloomberg. After Donald Trump announced the "largest oil deal in the history of the world", there was no place for China here either.

Lean Right

The American company will gain control of some of Venezuela's strategic oil assets by removing Chinese and Russian interests.

·Kyiv, Ukraine
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Lean Right

Cited by Iranian TV Press TV, journalist and political analyst Alejandro Kirk, based in Venezuela and with decades of experience as a correspondent of international media, considered that the agreement announced on Friday, August 28, by US President Donald Trump, should be understood in the context of the strategic competition between Washington and Beijing.

·Lisboa, Portugal
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  • 57% of the sources lean Right
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Clarin broke the news in Buenos Aires, Argentina on Tuesday, September 1, 2026.
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