Washington, United States, Feb 1, 2026 (AFP) - Trump says he welcomes Chinese investment in Venezuelan oil

NAMPA / AFP

2026-02-01

US President Donald Trump said Saturday he would "welcome" Chinese investment in Venezuela's oil industry as the South American country seeks to revive its battered economy following the ouster of leader Nicolas Maduro. Venezuela sits on the world's largest proven oil reserves and reformed laws this week to open the sector up to private and foreign investment. China had been the dominant buyer of Venezuelan oil under Maduro, whose January 3 captu......

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Law & Politics

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