❗️Israeli energy firm seeks 60% stake in Venezuelan oil company Israeli energy company NewMed Energy has entered negotiations to acquire a 60 percent stake in an undisclosed Venezuelan oil company operating oil wells in the country. The two parties have signed an exclusivity agreement running until 1 January, 2027, while NewMed conducts due diligence on the company's assets and finances. The acquisition has not been finalized, with a binding agreement and regulatory approvals still pending. (Reuters)