Venezuela could hand ‘oil blocks and gas blocks’ to BRICS as post-election tensions brew

Venezuela could transfer the development rights to its vast oil and gas fields that are currently operated by American energy companies to entities from BRICS nations, President Nicolas Maduro warned on Friday during a press conference in Caracas.

‘If these people up north and their partners in the world make the mistake of their lives, then those oil blocks and those gas blocks that were already signed up [for US companies] will go to our BRICS allies’

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