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Venezuela relaunches oil sector with $100 billion-plus investment

The U.S. is leading the restructuring of Venezuela’s oil sector after the ousting of Russian and Chinese companies.

Published 6sem1 sourceImportant
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The country, home to the world’s largest oil reserves, aims for a massive production boost by 2030.

This plan could reshape energy balances in Latin America and influence global oil prices.

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Auto-synthesis from 1 media source · identified on September 28, 2026
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