Power Shift

Venezuelan Parliament Approves US Control Over Major Oil Reserves Amid Criticism

Sourced from 6 publications

  • Venezuela's parliament approved U.S. control of a fifth of its oil reserves, totaling 65 billion barrels.
  • The deal involves North American Blue Energy Partners, replacing Chinese and Russian management.
  • Critics describe the agreement as a 'colonialist fever dream', expressing skepticism and anger.
  • Details of the deal remain undisclosed, raising concerns about its transparency and feasibility.
  • U.S. Energy Secretary to travel to Venezuela to officially present the oil arrangement.

Sources

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Curated from 6 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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