The Israeli energy company aims for 60% of the shares of the Venezuelan oil company. The Israeli energy company, NewMed Energy, has entered into negotiations to acquire a 60% stake in the non-closed Venezuelan oil company that operates oil wells in the country. The two parties signed an exclusivity agreement that runs until January 1, 2027, while NewMed operates by relying on the company's assets and finances. The acquisition is not complete, with a binding agreement and regulatory approvals still pending. (Reuters).

The Israeli energy company aims for 60% of the shares of the Venezuelan oil company. The Israeli energy company, NewMed Energy, has entered into negotiations to acquire a 60% stake in the non-closed Venezuelan oil company that operates oil wells in the country. The two parties signed an exclusivity agreement that runs until January 1, 2027, while NewMed operates by relying on the company's assets and finances. The acquisition is not complete, with a binding agreement and regulatory approvals still pending. (Reuters).