24 Hrs
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المشهد العربي
US officials discuss Washington-Venezuela oil agreement
American officials defended the oil deal between Washington and Venezuela, which grants the United States access to a significant portion of Venezuela's oil reserves. The agreement is part of efforts to secure stable crude supplies and rebuild Venezuela's economy, while reducing Chinese and Russian influence in the country's energy sector. The deal heightened tensions as the United States took control of fields previously managed by Chinese and Russian companies. It also involves a joint venture with North American Blue Energy Partners, led by Venezuelan businessman Alejandro Betancourt.
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