Tuesday, January 6, 2026

SCMP (South China Morning Post) - What assets does China have in Venezuela, and what could happen with Maduro gone? - Xinyi Wuin Beijing - Published: 10:30pm, 5 Jan 2026Updated: 6:27pm, 6 Jan 2026

 US-Venezuela conflict

What assets does China have in Venezuela, 

and what could happen with Maduro gone?

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Hours before Caracas was rocked by explosions on Saturday, Venezuelan President Nicolas Maduro (right) held a three-hour meeting with Qiu Xiaoqi, China’s special envoy appointed by President Xi Jinping. Photo: handout
Xinyi Wuin Beijing

Amid prolonged international sanctions imposed on Venezuela, Chinese enterprises stood out as some of the few willing to pour resources into the South American country’s turbulent economy.

However, Saturday’s capture of Venezuelan President Nicolas Maduro by US forces – just hours after Maduro met with Chinese diplomats to reaffirm their strategic partnership – raises concerns about the future of such investments.

In this explainer, we examine the portfolio of Chinese assets in Venezuela and how they might stand to be affected by a US takeover.

What investments does China have in Venezuela?

Energy projects form the bedrock of China’s presence in the country, with state-owned giant China National Petroleum Corporation (CNPC) operating several key joint ventures.

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