China demands rights guarantee over 100-year Venezuela oil deal
By The BriefBrief
China’s foreign ministry demanded guarantees for its “legitimate rights and interests” in Venezuela after a US-backed energy company received 100-year concessions for oilfields previously run by Chinese and Russian firms. Spokesman Guo Jiakun said cooperation is protected by international law and the laws of both countries.
WHAT:China demanded guarantees for its rights and interests in Venezuela following the award of 100-year oil concessions to a US-backed energy company.
WHEN:Reported Aug 31, 2026 at 8:00 PM ET
WHERE:Beijing, China
WHY:China reacted to the granting of 100-year Venezuelan oil concessions to a US-backed energy company covering oilfields previously operated by Chinese and Russian firms.
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