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Companies pursue Venezuelan oil and drilling opportunities amid US sanctions

Texas-based oil companies signed contracts involving Venezuela, while India remained open to buying Venezuelan oil as a US sanctions exemption continued. Companies also aimed to reactivate drilling rigs.

By DoomRadar · Published on DoomRadar .

Why it matters

Expanded Venezuelan oil activity could affect sanctions enforcement and regional energy flows.

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  1. India open to buying Venezuelan oil till US sanction exemption continues: Sources ↗thehindubusinessline.com · Article published: Aug 20, 2026, 3:19 PM UTC

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