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Exclusive-US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say

The deal gives U.S. companies control of 17 projects and shifts oil sales toward the United States, officials said.

Summary by WTVB
By Steve Holland and Jarrett Renshaw WASHINGTON, Aug 31 (Reuters) - U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by five Chinese companies and a Russian firm, two U.S. officials told Reuters o...

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(Seoul = Yonhap News) Reporter Joo Jong-guk = Venezuelan oil company North American Blue Energy Partners (NABEP) will install 6 drilling rigs in local oil fields by the end of the year...

·Seoul, Korea (the Republic of)
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Terra broke the news on Monday, August 31, 2026.
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