Analysts consider that the new oil agreement between the United States and Venezuela aims to limit China's presence in the Venezuelan energy sector. This analysis comes in a context where Beijing has already lost direct access to Venezuelan crude oil.
The agreement represents a setback for Chinese interests in the region, which have been losing ground in the energy sector of the South American country. Analysts point out that the United States has managed to consolidate its position in Venezuela through this new oil pact.
Venezuela, which has one of the largest oil reserves in the world, has been a geopolitical battleground between world powers. The new agreement with the United States marks a significant shift in the energy balance of the region.
