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Trump’s state capitalism comes to the oil industry with his unprecedented Venezuela deal

Saturday, September 5, 2026


President Donald Trump's administration reached an agreement with Venezuela's government regarding oil operations. The arrangement followed military action by U.S. forces that resulted in the departure of former President Nicolás Maduro eight months prior.

Original reporting: https://www.cnbc.com/2026/09/05/trump-venezuela-oil-north-america-blue-energy-partners-nabep.html

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