Pentagon to take 35% stake in Venezuelan oil venture
The Pentagon will take a 35% stake in a Venezuelan oil venture, according to an Investing.com item citing the Wall Street Journal. The wider US-Venezuela energy agreement has drawn criticism from both government allies and opposition figures. The available feeds do not provide the venture’s valuation, ownership structure or contractual terms.
Why it matters
Direct Pentagon ownership would create an unusual US government role in a politically contested foreign oil project.
Sources
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Part of the August 30, 2026 brief.