U.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields
A U.S. oil company controlled by a Venezuelan business tycoon will replace Chinese and Russian operators of several Venezuelan oil fields, Reuters has reported, citing two unnamed U.S. officials. North American Blue Energy Partners, which is backed by the U.S. government, has been granted 14 oil dea
Source: OilPrice.com
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DW NOTE
The U.S. is reclaiming Venezuelan oil concessions from Chinese and Russian state firms while Caracas remains under sanctions. Washington gets production without dropping the sanctions regime; Beijing and Moscow lose assets they acquired when Venezuela needed cash. Energy diplomacy as a zero-sum game — the oil stays put, only the flags change.