A US oil company will take control of some Venezuelan oilfields previously operated by Chinese and Russian companies. This was reported by Qazaqyia.kz citing Reuters.
According to Reuters, officials said this move is part of expanding energy cooperation between the US and Venezuela.
The transfer of control to a US company reflects a significant shift in economic relations between the two countries. Previously, these oilfields were under the control of Chinese and Russian companies.
Reuters sources suggest that this decision could be part of a broader strategy to increase Venezuela's oil production and attract foreign investment.
The name of the US company and the list of oilfields have not been disclosed yet. However, this step could lead to increased foreign participation in Venezuela's oil sector.
Reuters reported this news citing officials and plans to publish additional details later.