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Trump’s Venezuela oil deal: why China can wait and watch

South China Morning Post 08 September 2026 35m ago
Trump’s Venezuela oil deal: why China can wait and watch
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When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it “the biggest oil deal in history”. The White House fact sheet provided the details: NABEP’s 100-year concessions on 17 oilfields with 65 billion barrels of pr
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