US nears deal for long-term access to Venezuelan oil fields
The United States is reported to be close to a deal that would give American interests long-term access to selected Venezuelan oil fields. The arrangement is said to be under discussion between the governments in Washington and Caracas and could be signed and made public soon. If completed, it would mark a significant shift in the relationship between the two countries over energy cooperation.According to the information provided, the structure under consideration may use a lease-like model, with a further auction or tender to allocate individual fields to US producers. A list of 17 fields is reportedly being negotiated, including... [Continue Reading]
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