Pentagon-Backed Oil Company Is Set to Vie for Chevron’s Crown in Venezuela

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The expansion of North American Blue Energy Partners (NABEP) in Venezuela raises concerns among other major oil companies about the company’s link with the United States government and the terms of the agreement that allowed it access to 17 oil fields in the country, according to The Wall Street Journal. The company is led by Venezuelan businessman Alejandro Betancourt, who was investigated in Spain and Switzerland for allegations related to all…

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Karar Gazetesi

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A Venezuelan oil company supported by the US Department of Defense (Pentagon) is challenging the dominance of American oil giant Chevron in the country. North American Blue Energy Partners (NABEP), a Venezuelan oil company in which the Pentagon holds a 35 percent passive stake, is rapidly increasing its production in the country. NABEP, managed by Venezuelan businessman Alejandro Betancourt, secured the right to develop 17 oil fields last month …

negocios.com

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The new Washington-backed oil company accelerates its production after securing 17 fields with 65 billion barrels and aspires to displace Chevron as the country's main private operator.trang>By Redacción Negocios TV</strong/p>