The Venezuela oil opening is redrawing ownership. One of the country's oldest business dynasties is reported out, and Beijing watches its loans.

Beijing still faces at least $10 billion in Venezuelan debt exposure, while U.S. control over future barrels could complicate oil-backed repayments and restrict Chinese access.

The Trump administration secured a 35% stake in Venezuelan oil operator NABEP, gaining access to 65 billion barrels and displacing Chinese energy