North American Blue Energy Partners will acquire Venezuelan oilfields from Chinese and Russian companies. This move follows a significant oil production agreement announced by President Donald Trump. The U.S. company will gain access to 64 billion barrels of Venezuela's proven oil reserves. This arrangement displaces existing Chinese and Russian interests in the nation's energy sector.

U.S. President Donald Trump said Friday that his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of…

President Donald Trump has announced an unprecedented US push to take control of a fifth of Venezuela's vast oil reserves, betting that American companies can revive the OPEC…

Announcement followed weeks of US Venezuelan negotiations