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Wednesday, September 2, 2026 · UTC
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Coinbase Co-Founder Fred Ehrsam Bids for Venezuelan Oil Fields

Coinbase co-founder Fred Ehrsam is reportedly seeking control of three Venezuelan oil fields in the Orinoco Belt.

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As of 2026-09-02 14:59 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Bloomberg reported that Coinbase co-founder Fred Ehrsam is reportedly seeking control of three Venezuelan oil fields in the Orinoco Belt. [1] Fred Ehrsam, co-founder of Coinbase, is attempting to acquire control of at least three oil fields in Venezuela, according to sources familiar with the negotiations consulted by Bloomberg. [2] A White House fact sheet dated August 31 grants North American Blue Energy Partners 100-year concessions on 17 fields holding about 65 billion barrels. [3] The reorganization aims to replace Maduro-era operators with investors aligned with Donald Trump. [4] The three oil fields are located in the Boca, Guico, and Guara blocks of the Orinoco Belt and are currently operated by Alvorada Heavy Industries Ltda. [5] US authorities are evaluating revoking Alvorada's contracts as part of a broader reorganization of Venezuela's oil industry. [6]
What this stands on
  1. Bloomberg reported that Coinbase co-founder Fred Ehrsam is reportedly seeking control of three Venezuelan oil fields in the Orinoco Belt. · beincrypto.com
  2. Fred Ehrsam, co-founder of Coinbase, is attempting to acquire control of at least three oil fields in Venezuela, according to sources familiar with the negotiations consulted by Bloomberg. · Finanzas Digital
  3. A White House fact sheet dated August 31 grants North American Blue Energy Partners 100-year concessions on 17 fields holding about 65 billion barrels. · beincrypto.com
  4. The reorganization aims to replace Maduro-era operators with investors aligned with Donald Trump. · Finanzas Digital
  5. The three oil fields are located in the Boca, Guico, and Guara blocks of the Orinoco Belt and are currently operated by Alvorada Heavy Industries Ltda. · Finanzas Digital
  6. US authorities are evaluating revoking Alvorada's contracts as part of a broader reorganization of Venezuela's oil industry. · Finanzas Digital
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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