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US defends Venezuela oil deal as Chevron expands, citing China/Russia expulsion
Financial Times·US · VE · CN·1 day ago
Chevron is expanding its operations in Venezuela with a $7 billion investment, deepening U.S. commercial engagement with the Maduro government. Critics argue the deal may violate U.S. sanctions and undermine democratic norms, while the administration defends it as a strategic energy move. The legal and political implications remain uncertain, with potential fallout for U.S. foreign policy and energy security.
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