|Caracas
VeraVadis logo A VeraVadis Publication

Help Venezuela

Humanitarian Intelligence Journalism
Understanding Venezuela
✉ Request early access EARLY ACCESS
WAITLIST OPEN
Home › News › Oil & Energy
Oil & Energy

China demands that its interests be protected in Venezuela after oil agreement with U.S.

China has demanded that its legitimate interests in Venezuela be protected following reports that a new US-Venezuela oil agreement could transfer control of oil fields previously operated by Chinese state companies Sinopec and CNPC to a US company.

Tracked question

Is the international community easing or tightening pressure? · Full question dossier →

linked by topic terms: eeuu, sanctions

What would settle it: A formal sanctions change (easing or new measures) enacted, not merely requested.

Evidence state: emergingas of Sep 12, 2026changed from established → emergingnot yet linked to a tracked event object in our corpus — no source count yet

China's Foreign Ministry spokesperson Guo Jiakun stated that China's legitimate rights and interests in Venezuela must be safeguarded.

The statement follows media reports that a US company would take control of Venezuelan oil fields previously operated by Chinese state firms Sinopec and CNPC under a new US-Venezuela oil deal.

Guo did not confirm the reports but said Beijing had 'taken note' of the information.

The US-Venezuela agreement, announced on Friday, gives Washington control over more than 20% of Venezuela's crude reserves for 25 years, covering 17 strategic fields with a potential of 65 billion barrels.

AI-assisted synthesis anchored to a real VeraVadis-analyzed source. Cleared by VeraVadis's automated editorial gates on 2026-09-01 — not reviewed by a human editor. Archive piece: published under our earlier method. It does not carry the per-claim evidence chain — who reported it first and who is echoing whom — that our current pieces carry. The source link and the date are the original ones.