US firm Heeney Capital to operate Venezuela gold mine, Continental seeks to enter oil project
Venezuelan authorities signed deals Wednesday granting New York-based Heeney Capital operational and export rights for a gold mine. Simultaneously, the government set preliminary terms for US producer Continental Resources to explore business opportunities in a large oil area. Denarius Holding Group also announced a long-term investment in the CEMA Oil Field in Anzoategui State via a partnership with Minerosol Group C.A. These moves follow the January capture of former President Nicolas Maduro, as Washington encourages US investment to restore commodity output and exports to the United States.
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- ✓ Heeney Capital received operational and export rights for a gold mine.
- ✓ Continental Resources established preliminary terms to seek opportunities in a large oil area.
- ✓ Denarius Holding Group announced a long-term investment in the CEMA Oil Field in Anzoategui State.
- ✓ The US government is encouraging investment in Venezuela after the capture of President Nicolas Maduro in January.
What changed
Heeney Capital and Continental Resources signed agreements with Venezuelan authorities on Wednesday.
Live updates
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US Firms Secure Gold and Oil Agreements in Venezuela
Venezuelan authorities signed deals Wednesday granting New York-based Heeney Capital operational and export rights for a gold mine. Simultaneously, the government set preliminary terms for US producer Continental Resources to explore business opportunities in a large oil area. Denarius Holding Group also announced a long-term investment in the CEMA Oil Field in Anzoategui State via a partnership with Minerosol Group C.A. These moves follow the January capture of former President Nicolas Maduro, as Washington encourages US investment to restore commodity output and exports to the United States.
Why it matters
The US government is prioritizing energy and mining capital to reanimate Venezuelan production. This shift follows a change in leadership and a strategic push to increase shipments of crude and gold to US markets.
What is confirmed
- Heeney Capital received operational and export rights for a gold mine.
- Continental Resources established preliminary terms to seek opportunities in a large oil area.
- Denarius Holding Group announced a long-term investment in the CEMA Oil Field in Anzoategui State.
- The US government is encouraging investment in Venezuela after the capture of President Nicolas Maduro in January.
Still unconfirmed
- Exxon is in talks to return to the Orinoco Belt.
What to watch next
- Details on the specific volume of gold and oil exports destined for the US.
confidence 90%Sources used for this update (9)
- cnbc.com — Continental Resources to develop massive oil patch in Venezuela
- Reuters — US energy producer to unveil Venezuela investment, energy secretary says
- The New York Times — Trump Ally Harold Hamm Strikes Venezuela Oil Deal
- wsj.com — Exclusive | Exxon Is Nearing a Preliminary Deal to Invest in Venezuela’s Oil Fields
- Bloomberg.com — Exxon Is in Talks to Return to Venezuela as US Deals Accelerate
- Reuters — Exxon advances talks to return to Venezuela's Orinoco Belt, sources say
- www.miningweekly.com — US firm Heeney Capital to operate Venezuela gold mine, Continental seeks to enter oil project
- www.arkansasonline.com — US firm to operate mine in Venezuela
- finance.yahoo.com — Denarius Holding Group Announces Long-Term Investment in Venezuela's CEMA Oil Field
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