Venezuela Suspends 19 Oil Production Contracts ...Middle East

Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the Orinoco Belt, and several mature fields. The companies operating under these production-sharing agreements include Chinese, U.S., South American, and Venezuelan players, the sources also said. The agreements would now be reviewed by the Venezuelan and U.S. governments, with some of them possibly ending canceled, the sources also told the publication.…

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