US set to take control of major portion of Venezuelan oil wealth

The US is set to take majority control over a huge amount of Venezuela’s oil wealth in an unprecedented manoeuvre that officials said would create the world’s second-largest private oil company by reserves and secure American petroleum supplies for decades to come.

The US is set to take majority control over a huge amount of Venezuela’s oil wealth in an unprecedented manoeuvre that officials said would create the world’s second-largest private oil company by reserves and secure American petroleum supplies for decades to come.

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