LNG Energy Group, a Canada-based company that billionaire Texas businessman Rodney Lewis owns, brokered a deal with Venezuela’s state-owned PDVSA oil company to rehabilitate five of its onshore oil fields, the Associated Press (AP) reported Wednesday.
The deal was announced days after the administration of U.S. President Joe Biden reinstated oil and gas sanctions on the socialist Maduro regime. LNG states on its website that the deal was brokered on April 17, one day before the six-month sanctions relief package’s expiration date.
Biden temporarily lifted the sanctions, originally imposed in 2019 during the administration of former President Donald Trump, in October 2023 as a reward to the Maduro regime, part of a now-failed effort to entice the socialists to allow a “free and
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