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بوابة أخبار اليوم
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بوابة أخبار اليوم

2026-09-04T17:07:58.090Z

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Debt to China risks Washington's oil control

Debt to China risks Washington's oil control

China is facing significant losses from its debts to Venezuela due to Washington's control over the country's oil, as the U.S. administration has expanded its efforts to dominate over 65 billion barrels of Venezuelan oil reserves in an attempt to reduce China's influence in the energy sector. Chinese loans to Venezuela have exceeded $60 billion, and it is expected that U.S. control over oil production and revenues will impact Beijing’s ability to recover its debts, which amount to approximately $10 to $15 billion. Additionally, Washington is working to exclude Chinese and Russian companies from Venezuela’s oil sector, amid major challenges in restructuring Venezuela’s debts, which total around $200 billion.

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