Category : Search result: Venezuela oil reserves takeover


US to get 50M barrels of Venezuelan oil, Trump says

US President Donald Trump announces a major oil deal with Venezuela, claiming proceeds will benefit both nations. This follows a US military operation that killed 24 Venezuelan personnel. Read the latest updates.

Venezuela's Asian Oil Exports Halt for 5th Day

Venezuela's crucial oil shipments to Asia have stalled for a fifth consecutive day amid a US embargo, risking deeper production cuts. Chevron, however, resumes US-bound cargoes. Read the full analysis.

Oil Pipeline Bursts Twice in Assam's Dibrugarh, Spills Crude

An Oil India Limited pipeline in Dibrugarh's Tingkhong area ruptured twice within 12 hours, spilling crude oil onto farmlands and fish ponds. Locals report dead fish and fire risks. Read more on the environmental impact and OIL's response.

Elliott's Citgo Deal Gains Momentum After Maduro's Exit

Hedge fund Elliott Investment Management is poised to finalise its controversial $6 billion takeover of Venezuela's US-based Citgo Petroleum. The political shift in Caracas could boost the refiner's value. Read the full analysis.

US Oil Stocks Jump 10% on Venezuela Regime Change

US oil companies surged in pre-market trading after the military capture of Venezuela's President Maduro. President Trump announced plans for the US to run Venezuela and revive its oil industry. Read the full analysis.

Machado's $1.7 Trillion Venezuela Privatisation Plan

Nobel laureate María Corina Machado outlined a radical $1.7 trillion economic transformation for Venezuela via privatisation in 2025, aiming to reverse socialist policies. Read the full blueprint.

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