US Energy Companies Close to Sealing Deals to Invest in Venezuelan Oil Industry - Reports

NAMPA / Sputnik

2026-08-28

WASHINGTON, August 28 (RIA Novosti) - Multiple US-based energy companies are close to reaching investments deals for the development of Venezuela's oil industry, The Wall Street Journal reported on Friday, citing sources. On Thursday, Axios reported the United States may acquire a stake in over a dozen Venezuelan fields possessing 90 out of the 300 billion barrels of the country's proven oil reserves, with Caracas benefiting from the agreement th......

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