Venezuela grants North American Blue Energy Partners 100-year concessions for 17 oil fields, White House says
The agreement gives Washington a 35% stake and purchase rights to 20% of output as NABEP takes over 17 oil fields.
- US oil company North American Blue Energy Partners will take over 14 oil projects in Venezuela previously operated by five Chinese companies and one Russian firm under a deal announced by President Donald Trump.
- The agreement grants NABEP contracts to develop 17 projects aimed at supplying oil to the US market, reducing Chinese and Russian influence in Venezuela's oil industry.
- Talks between Venezuela's interim authorities and the 2015 National Assembly aim to restore constitutional order and provide legal grounds for the revival of Venezuela's oil sector, as recognized by US officials.
- Some of the oilfields involved were linked to entities affiliated with Venezuelan officials under US sanctions or custody.
170 Articles
170 Articles
Trump administration taking 35% equity stake in new Venezuelan oil company
The Trump administration has confirmed it will be taking a 35% equity stake in a new oil company that will drill across more than a dozen oil fields in Venezuela. On Monday night, the White House published new details of the deal, first announced by President Donald Trump late last week, revealing that the U.S. […]
The United States and Venezuela have signed an agreement that will give Washington control over the majority of their more than 65 billion barrels of proven oil reserves.
Venezuela's businessman Alejandro Betancourt, controlling North American Blue Energy Partners (NABEP), played a key role in the drafting of the United States-Venezuelan Washington-Caracas agreement for the exploitation of Venezuela's oil fields, and reported on Tuesday's edition of Axios with reference to the source.
Donald Trump's administration has revealed new details of the major energy deal with Venezuela, just days after the White House described it as one of the largest oil deals in history.According to a document published by the White House, the North American company North American Blue Energy Partners, or NABEP, has been placed at the center of the agreement.. Venezuela's interim authorities have granted the company 100-year concessions for 17 oil…
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