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US Backs Oil Deal to Rebuild Venezuela | Venezuela News
US officials are backing a bold new oil deal with Venezuela, handing control of 17 key fields—roughly one-fifth of the nation’s reserves—to a US-backed firm for a century, aiming to jumpstart production, fund recovery, and stabilize the economy after years of chaos. While Washington frames it as a step toward restoring democracy, critics warn that real democratic progress remains elusive and question whether partnering with Maduro-era figures truly advances reform. With Energy Secretary visiting Caracas and gas prices rising at home, the move is both an economic gamble and a geopolitical…
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