ForexEF

Exclusive-Officials: US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms

2026-09-01

An American energy company is set to take operational control over select oilfields in Venezuela that were previously managed by Russian and Chinese state-backed entities. According to government officials familiar with the negotiations, this strategic transition marks a major shift in the geopolitical alignment of South American oil production and energy infrastructure management.

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