US Firm to Take Over Venezuelan Oilfields
North American Blue Energy Partners will take over several Venezuelan oilfields previously operated by Chinese and Russian firms. The agreement gives the United States a major stake and preferential access to production.
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United States firm North American Blue Energy Partners will take over 17 oilfields in Venezuela previously run by companies from China and Russia under a sweeping production agreement. Two United States officials confirmed the deal on Monday afternoon. The arrangement displaces foreign interests that have long operated in the South American nation's energy sector.
