United States negotiating with Venezuela for participation in oil fieldsPhoto by Amar Preciado on Pexels
Business

United States negotiating with Venezuela for participation in oil fields

Now28 August 2026 at 10:37

The United States is in negotiations with Venezuela to participate in oil fields in the South American country. The conversations focus on the possibility of the US obtaining a concession for a period of 100 years over various oil fields in Venezuela. This negotiation arises in a context of tense relations between the two countries in recent years. A concession of such long duration would represent an agreement of extraordinary dimension in the energy sector between the two nations.

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