Cheron Nears License Upgrade: Washington Pulls Venezuelan Oil from China's Grip
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The Geopolitical Turning Point and the Restructuring of Oil Flows The global energy landscape is undergoing a historic transformation in January 2026, as the Trump administration takes direct control over key Venezuelan resources following the establishment of the interim government under Delcy Rodríguez. According to recent reports, Chevron is on the brink of receiving an expanded license that not only allows the US company to maximize production in existing joint ventures but also potentially enables the self-marketing of state-owned PDVSA...
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