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usvenezuelarelations
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Business & Economy · Latin AmericaUS Energy Secretary Denies Stealing Venezuelan Oil
US Energy Secretary Chris Wright has denied accusations that Washington is attempting to steal Venezuelan oil. He stated that an agreement allows the US to exploit 20% of the country's reserves, with revenue shared.
Latin America3 min readTrust 76 · Craft 62 · Hype 30- Business & Economy · Latin America
Chevron to invest $7bn in Venezuela oil production after US deal
Chevron announced plans to invest over $7 billion in Venezuela, targeting 600,000 barrels per day by 2031. The deal follows a US government push to revive Venezuela’s oil industry, including Pentagon profit-sharing, but analysts question its legal and political durability.
Latin America5 min readTrust 80 · Craft 85 · Hype 15 
Conflict & Security · IndiaUS sells seized Venezuela-linked tankers Era and Lileo for scrap in India
The US government sold two oil tankers, Era and Lileo, to Dubai-based Global Marketing Systems for scrap after seizing them in January. The tankers, linked to sanctioned oil exports from Venezuela and Iran, will be dismantled in India. Ownership complexities were noted in the court-authorised sale.
India4 min readTrust 74 · Craft 68 · Hype 12