Energy

Brazil Oil Driller Expanding in Venezuela as US Eases Sanctions

A pump jack in the Orinoco Belt in Venezuela.Photographer: Bloomberg

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By Peter Millard and Fabiola Zerpa

April 22, 2026 at 5:07 PM UTC

Updated on

April 23, 2026 at 2:43 PM UTC

Leia em português.

A Brazilian oil company is expanding in Venezuela in a bet that sanctions relief will stimulate the country’s battered industry, highlighting regional appetite for participating in the US-led revival.