China Won’t Have Claims to Venezuelan Oil Revenue, Says US Energy Secretary Chris Wright
9 Articles
9 Articles
China will not claim revenue from the development of new oil fields in Venezuela as debt repayment under Caracas’ new deal with Washington, U.S. Energy Secretary Chris Wright said. “No, they will not,” he said in an interview with Bloomberg in response to a question on the subject. “These fields will be developed for the benefit of the Venezuelan and American people, as well as for the benefit of global energy markets.” Wright added that work is…
China won’t have claims to Venezuelan oil revenue, says US Energy Secretary Chris Wright
US Energy Secretary Chris Wright said China will not have debt claims on revenue from new Venezuelan oil production as Caracas moves to restructure its debt and signs a series of energy deals.
The interim president of Venezuela, Delcy Rodríguez (right), gestures during the signing of an oil agreement with the U.S. Secretary of Energy, Chris Wright (out of frame), at the Presidential Palace of Miraflores, in Caracas, on September 2, 2026. (Photo by Juan BARRETO / AFP) The signing of an agreement between states...
News of the Day and the Hour Latest News of the day Venezuelan bonds have skyrocketed since President Donald Trump's government took steps to take control of a large part... News Venezuelan bonds are skyrocketing by oil agreement with the US and possible debt restructuring was first published in News of the Day and the Hour Latest News of the day
With the signing of oil agreements with multinationals on Wednesday, September 2, which will put Venezuela on the road to rapidly expanding its crude oil production, U.S. Secretary of Energy Chris Wright pointed out that China will not have the right to collect revenues from the oil industry.
U.S. Energy Secretary Chris Wright reported on Wednesday that the Donald Trump administration seeks to restructure Venezuela's financial commitments, although it did not specify the mechanisms or scope for the country's creditors.
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