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Deep & Emerging Tech·July 22, 2026·1 min read

Venezuela Oil: Batistas’ Fluxus Clinches Stake in PDVSA Joint Venture

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Private capital is tiptoeing back into Venezuela upstream assets despite US sanctions noise—operators with long-cycle energy exposure need a Venezuela scenario in their 10–15 year supply models again. Early signal that political risk tolerance is rising where resource quality is high and Western supply is constrained.