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Rubio invokes China, Russia to defend disputed Venezuela oil deal

US secretary of state says agreement gives access to reserves in a crisis, as opposition leader Maria Corina Machado challenges arrangement.

5 Articles

Lean Left

<p>Machado's return to Venezuela threatens review of billion-dollar oil deals The return of Maria Corina Machado has tightened election demands and called into question oil contracts after Maduro's removal. Investors Waiting for legal guarantees.</p>

·Kyiv, Ukraine
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For two decades, Venezuelan oil had two great godfathers: China and Russia. Beijing bought most of the crude oil and Moscow was involved in its extraction. The energy agreement signed in August between Washington and Caracas has begun to dismantle that scheme, and its centerpiece is a Venezuelan businessman: Alejandro Betancourt, president of North [...] La entrada Venezuelan oil changes its orbit: Betancourt, Washington's ally to relieve China …

Marco Rubio defended the Washington oil agreement in Venezuela as a way to reactivate production and ensure access to reserves in a possible crisis. The pact contemplates concessions for 100 years over 17 fields, while María Corina Machado questions the legitimacy of the Venezuelan government to commit those resources.

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South China Morning Post broke the news in Hong Kong, Hong Kong on Tuesday, October 27, 2026.
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