US Secures Veto Power and First Refusal Rights in Venezuela Oil Deal

The United States has negotiated terms granting it board veto authority and a right of first refusal over crude production shares in a historic agreement to manage seized Venezuelan oil reserves.

1 Sept, 01:29 — 1 Sept, 01:29

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bloombergHigh3h ago

US Gets Board Veto, Right of First Refusal in Venezuela Oil Deal

The US detailed plans to exercise greater control over a private operator under a historic deal to seize Venezuela’s oil reserves, including the first option to buy a significant share of its crude production and veto power over board appointments.

By Jennifer A. Dlouhy

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US Secures Veto Power and First Refusal Rights in Venezuela Oil Deal

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US Gets Board Veto, Right of First Refusal in Venezuela Oil Deal

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