World · 27 February 2026
Venezuela, US scrutinize 19 oil deals from sanctions era
Venezuela’s oil ministry has paused 19 production-sharing agreements struck under President Nicolás Maduro, sources say, with no immediate impact on crude and gas output. State-owned PDVSA continues selling oil from these projects while Caracas and Washington jointly scrutinise the contracts and the firms behind them, some signed during US sanctions. The review could lead to some deals being revoked as authorities assess their legitimacy and commercial standing.
Reported by jpost.com · How we write briefs