An Israeli company is looking for 60% of the oil company in Venezuela after its purchase by the US.
Israeli energy company NewMed is negotiating a 60% stake in a Venezuelan oil company, marking its first foray into South America and expanding its reach into the region's energy resources.
The deal would mark the first recorded entry of an Israeli company into South America's energy sector, raising questions about Israel's expanding corporate interests in the region's natural resources.
The negotiations follow the U.S. invasion and kidnapping of Venezuelan President Nicolás Maduro on January 3, 2026, as well as President Donald Trump's subsequent declarations that Washington would take control of Venezuela's oil resources and bring in American companies to explore its vast reserves.
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