Brazil’s billionaire Batista brothers have acquired a stake in an oil production project in Venezuela, the latest deal to emerge in a country that the Trump administration is vowing to reinvigorate after years of sanctions.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-22/venezuela-oil-batistas-fluxus-clinches-stake-in-pdvsa-joint-venture)

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