Macro Finance
Venezuela Oil: Batistas’ Fluxus Clinches Stake in PDVSA Joint Venture
Bloomberg Markets·July 22, 2026·1 min read
Brazil's billionaire Batista brothers have acquired a stake in an oil production project in Venezuela, the latest deal in a country the Trump administration is vowing to reinvigorate after years of sanctions. The joint venture involves PDVSA, marking a significant investment in the nation's energy sector amid shifting US policy toward Venezuela.
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