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Oil Deal

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Venezuela's Interim Leader Promises Elections but Defers Date Amid US Oil Deal
world23 days ago

Venezuela's Interim Leader Promises Elections but Defers Date Amid US Oil Deal

Venezuela’s interim president Delcy Rodríguez addressed the UN General Assembly, promising future elections without setting a date, while thanking the US for diplomatic cooperation. This follows the US seizure of Nicolás Maduro in January and a recent 65-billion-barrel oil deal. Critics and opposition figures, including María Corina Machado, have condemned the lack of a timeline and the US-backed transition as illegitimate.

via BBC|
#delcy-rodriguez#donald-trump#oil-deal
Trump-Rodriguez Meeting Prioritizes Oil Deals Over Election Timelines
politics-and-policy24 days ago

Trump-Rodriguez Meeting Prioritizes Oil Deals Over Election Timelines

US President Donald Trump met with Venezuelan interim leader Delcy Rodriguez in New York, emphasizing the need for future elections but refusing to set a specific date. The meeting focused on oil and mining cooperation, with Trump touting a 65-billion-barrel deal as a historic victory. Rodriguez sought international legitimacy, while critics and opposition figures condemned the lack of democratic progress and the exclusion of opposition leader Maria Corina Machado.

via Axios|
#delcy-rodriguez#donald-trump#oil-deal
Venezuela’s Rodríguez meets Trump in New York, framing oil deal as historic cooperation
politics24 days ago

Venezuela’s Rodríguez meets Trump in New York, framing oil deal as historic cooperation

Venezuelan interim President Delcy Rodríguez met with US President Donald Trump at the UN General Assembly, marking the first direct contact since the US-led removal of Nicolás Maduro in January. Rodríguez described the meeting as 'historic,' highlighting cooperation in energy, mining, and security, while Trump touted the recent oil agreement as a major strategic victory. The encounter underscores a transactional relationship where Washington controls Venezuelan oil revenues, raising concerns among critics about US dominance and the delay of Venezuelan elections.

via New York Post|
#delcy-rodriguez#donald-trump#oil-deal
Machado challenges US-Venezuela oil deal, calling interim government illegitimate
politics1 month ago

Machado challenges US-Venezuela oil deal, calling interim government illegitimate

Nobel laureate María Corina Machado has publicly criticized the US-Venezuela oil agreement, arguing that the interim government lacks the democratic mandate to negotiate national resources. While acknowledging the US as a key partner, she asserts that Venezuela's subsoil wealth belongs to its people, not the current administration. The deal, involving 65 billion barrels of crude, has sparked debate over sovereignty and the timeline for future elections.

via The Guardian|
#delcy-rodriguez#donald-trump#maria-corina-machado
Venezuela’s Rodríguez defends 25-year oil pact as critics warn of neocolonialism
politics1 month ago

Venezuela’s Rodríguez defends 25-year oil pact as critics warn of neocolonialism

Venezuela’s interim president Delcy Rodríguez defended a controversial 25-year energy agreement with the United States, asserting that the deal preserves Venezuelan sovereignty while unlocking billions in revenue. The pact, announced by President Donald Trump, grants Washington majority control over 65 billion barrels of Venezuelan oil reserves, with a production target of 1.5 million barrels per day. While Rodríguez claims the deal will generate $209 billion in revenue and revitalize the economy, critics label it a neocolonial land grab. Analysts remain skeptical that the deal will lower US gas prices in the near term due to Venezuela’s deteriorating infrastructure and the massive investment required to boost output.

via The Guardian|
#delcy-rodriguez#donald-trump#energy-policy
US seals $500M Venezuelan oil deal, proceeds parked in Qatar
world9 months ago

US seals $500M Venezuelan oil deal, proceeds parked in Qatar

The Trump administration has completed its first Venezuelan oil sale worth about $500 million and is holding proceeds in accounts controlled by the US government, including a main holding in Qatar, as it aims to control revenue from up to 50 million barrels while blocking creditors; the funds are to be overseen by Treasury and disbursed back to Venezuela, with interim Venezuelan leadership cooperating and more deals anticipated amid ongoing scrutiny from lawmakers about offshore accounts.

via Semafor|
#oil-deal#qatar#sanctions
Hess Shareholders Approve $53B Chevron Takeover Amid Exxon Dispute
energy-and-environment2 years ago

Hess Shareholders Approve $53B Chevron Takeover Amid Exxon Dispute

Hess shareholders have approved a $53 billion sale of the company to Chevron, which includes a valuable stake in an Exxon Mobil-led oil project in Guyana. However, the deal faces legal challenges as Exxon contests the sale, arguing it has the right to buy Hess's stake. The dispute is currently in arbitration, and a decision may not come until next year.

via The New York Times|
#chevron#energy-and-environment#exxon-mobil