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US defends Venezuela oil deal as Chevron expands, citing China/Russia expulsion
Financial Times·US · VE · CN·2 days ago
Venezuela's interim president Delcy Rodríguez and the U.S. Department of Energy may announce new agreements with energy companies, potentially altering repayment terms for Chinese oil-backed loans. This suggests a move away from 'Chinese style' profit-sharing on new oil production, which could impact China's access to Venezuelan crude and reshape regional energy dynamics. The exact terms remain unconfirmed, but the shift signals a strategic realignment toward U.S. and international energy partners.
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