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FinanceUS oil firm to take over Venezuelan oilfields previously run by Chinese, Russian companies
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According to officials, a US oil firm is set to take over some Venezuelan oilfields that were previously operated by Chinese and Russian companies. This transfer is part of a sweeping oil production deal announced by former US President Donald Trump with Venezuela. The arrangement gives US companies a strategic foothold in Venezuela's oil sector, displacing Chinese and Russian interests. The deal marks a significant shift in the geopolitical landscape of oil production in Venezuela, which has been a key battleground for international energy influence. The article, published by The Business Times on September 1, 2026, highlights the ongoing realignment of energy partnerships and the implications for global oil markets.
Source report
A US oil company is set to take over several Venezuelan oilfields that were previously operated by Chinese and Russian firms, according to officials. The move is part of a sweeping oil production deal announced by former President Donald Trump with Venezuela.
The arrangement gives US companies a foothold in some of Venezuela's strategically important oil assets.
Source
The Business TimesNeutral / independent
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