National Assembly backs U.S. oil deal with Chavista votes and opposition reservations

The Daily Journal. — Venezuela’s National Assembly on Tuesday approved a resolution supporting the binational energy agreement announced by Caracas and Washington, an initiative that places at least 65 billion barrels of Venezuela’s proven oil reserves under the control of U.S. companies. The ruling bloc backed the resolution, while opposition lawmakers distanced themselves from the […]

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White House: Venezuela oil deal will secure U.S. energy dominance for a century

The Daily Journal. — The White House said Monday that the oil agreement reached with Venezuela will allow the United States to secure its “energy dominance for the next century” at no cost to American taxpayers. “This deal secures our energy dominance for the next century, all at zero cost to the United States,” President […]

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Pentagon plans to acquire 35% stake in oil company with rights to 17 Venezuelan fields, WSJ reports

The Daily Journal. — The U.S. Department of War plans to acquire a 35% non-controlling stake in a private company that holds rights to develop oil fields in Venezuela, a move that would mark an unusual expansion of the U.S. government’s direct involvement in an energy project in the country, The Wall Street Journal reported […]

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