Coin Bureau|Sep 02, 2026 05:53
🇺🇸NEW: Coinbase co-founder Fred Ehrsam wants control of THREE Venezuelan oil fields.
The billionaire is targeting the Boca, Guico and Guara blocks in Venezuela’s oil-rich Orinoco Belt.
Their current operator, Alvorada, spent roughly $30 MILLION bringing idle wells back online.
Now US officials are considering revoking those contracts.
Energy Secretary Chris Wright is heading to Caracas, where as many as 17 oil and gas agreements are set to be showcased.
Ehrsam has already made repeated trips to Caracas and met senior US and Venezuelan officials while exploring oil, gas, fintech and digital payments.(Coin Bureau)
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