Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Venezuela Oil: Batistas’ Fluxus Clinches Stake in PDVSA...
Politics

Venezuela Oil: Batistas’ Fluxus Clinches Stake in PDVSA Joint Venture

Bloomberg Markets Wednesday 22 July 2026, 18:17 UTC By Rachel Gamarski and Gerson Freitas Jr. 1 min read
Key Points

Batista Brothers Clinch Venezuela Oil Stake as Deals Gain Steam Brazil’s billionaire Batista brothers have acquired a stake in an oil production project in Venezuela, the latest deal to emerge in a country that the Trump administration is vowing to reinvigorate after years of sanctions. Fluxus Oil, Gas & Energy, owned by Joesley and Wesley Batista, acquired A&B Oil and Gas in recent months, according to people familiar with the transaction. A&B owns a 49% stake in the Petrolera Roraima joint...

Batista Brothers Clinch Venezuela Oil Stake as Deals Gain Steam Brazil’s billionaire Batista brothers have acquired a stake in an oil production project in Venezuela, the latest deal to emerge in a country that the Trump administration is vowing to reinvigorate after years of sanctions. Fluxus Oil, Gas & Energy, owned by Joesley and Wesley Batista, acquired A&B Oil and Gas in recent months, according to people familiar with the transaction. A&B owns a 49% stake in the Petrolera Roraima joint venture with Venezuela’s national oil company Petroleos de Venezuela SA, said the people, who weren’t authorized to discuss the information. The terms weren’t disclosed.
Venezuela (LOCATION) PDVSA Joint (ORG) Venezuela Oil Stake (ORG) Deals Gain Steam Brazil (ORG) Batista (PERSON) Trump (ORG) Fluxus Oil, Gas & Energy (ORG) Joesley (ORG) Wesley Batista (PERSON) A&B Oil and Gas (ORG) A&B (ORG) Petrolera Roraima (PERSON) Petroleos de Venezuela SA (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Rock Posters proud to capture artists' 'blood and tears' in billboards

Thornbury's Rock Posters factory to open doors for 40-year celebration Thu 23 Jul 2026 at 5:09am Pop diva Kylie Minogue and British rockers The Rolling Stones might be miles apart on the musical spectrum, but their posters hang side by side among scores of other performers at a Melbourne factory that has helped enhance the city's gig and live music culture. "It's interesting for people to see 40 years of history in the one place," said Marcus Seal, Rock Posters general manager.

ABC Australia 14m ago

Exclusive: In Syria's Kurdish-majority city Kobane, postwar integration efforts get under way

Exclusive: In Syria's Kurdish-majority city Kobane, postwar integration efforts get under way Northern Syria’s Kobane, or Ayn al-Arab, was a flashpoint city during the Kurdish fight against the Islamic State (IS) group nearly a decade ago. Today, it’s at the heart of the Syrian government’s bid to integrate the northern Kurdish majority region and their fighters. FRANCE 24’s Wassim Nasr had a rare opportunity to witness the integration process.

France 24 16m ago

Dem’s cognitive decline crackdown wins rare conservative praise: ‘Extremely based’

Democratic Washington Rep. Marie Gluesenkamp Perez’s push to confront cognitive decline in Congress is finding rare common ground among liberals and conservatives frustrated with Washington’s aging political class. "In every job I've ever had, there's a simple expectation," the congresswoman said in a video posted to X on Monday. "You actually have to be able to do the work.

Fox News 19m ago

Dem’s cognitive decline crackdown wins rare conservative praise: ‘Extremely based’

Democratic Washington Rep. Marie Gluesenkamp Perez’s push to confront cognitive decline in Congress is finding rare common ground among liberals and conservatives frustrated with Washington’s aging political class. "In every job I've ever had, there's a simple expectation," the congresswoman said in a video posted to X on Monday. "You actually have to be able to do the work.

Fox News Politics 19m ago