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US Stands by Oil Deal With Venezuelan Energy Mogul Betancourt
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarSanctions & Export Controls
The Trump administration defended partnering with a controversial investor to develop 17 oil fields in Venezuela, arguing he is positioned to revitalize aging wells and restore crude production flow. The lack of disclosed commercial terms and the investor controversy keep the outlook mixed, with potential medium-term implications for Venezuelan supply prospects and related energy market expectations.
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