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US Takes Over Venezuelan Oilfields, Ousting China and Russia

NABEP will operate 17 projects and give Washington a 35% stake, while the U.S. gets preferential access to Venezuelan crude.

In a major shakeup of global energy politics, a U.S.-backed oil company is set to take control of several Venezuelan oilfields. These fields were previously operated by Chinese and Russian energy firms. Two U.S. officials recently confirmed the move. It marks a significant effort by Washington to push back against Beijing and Moscow in America’s […]

The post US Takes Over Venezuelan Oilfields, Ousting China and Russia first appeared on Chiang…

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(Washington = Yonhap News) Correspondent Baek Na-ri = On the 1st (local time), the U.S. government [stated] regarding the oil agreement with Venezuela that it is to counter the influence of China and Russia and Venezuela...

·Seoul, Korea (the Republic of)
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Wright said in an interview with Bloomberg Television in Caracas, efforts are being made to restructure the debt

·Bogota, Colombia
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Devdiscourse broke the news in India on Tuesday, September 1, 2026.
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