23 Hrs
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المشهد العربي
US-Venezuela oil deal concerns energy firms
An unusual agreement between the United States and Venezuela has been announced, granting North American Blue Energy Partners rights to develop 17 oil fields in Venezuela, with confirmed reserves estimated at 65 billion barrels. Documents reveal that the U.S. government will own 35% of the entity. There are concerns among global oil companies about investing amid past incidents related to Venezuelan businessman Alejandro Betancourt, who is currently under investigation and facing legal cases. This agreement comes at a time when the oil market is undergoing significant changes and tensions.
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