South America
Venezuela· CaracasVenezuela grants 100-year oil concessions to North American Blue Energy Partners
Venezuela has reportedly granted North American Blue Energy Partners (NABEP) 100-year concessions for 17 oil fields, a deal described as giving the US control over a significant portion of Venezuela's oil reserves.
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Venezuela grants 100-year oil concessions to North American Blue Energy Partners
First report 13h agoLast update 4h agoReports on the details of the oil agreement, including the 100-year concession to NABEP and its ownership by Alejandro Betancourt.
Recalls Hugo Chávez's past assertions that the US seeks control over Venezuelan oil, framing the current deal within a historical context of US interest in Venezuela's resources.
Questions whether the Venezuelan population will benefit from handing control of its oil resources to a foreign power, potentially destabilizing the country.
US-Venezuela oil deal grants NABEP 100-year concessions for 17 oil fields
First report 9h agoLast update 4h agoNews outlets are reporting the specifics of the oil deal, including the duration of the concessions and the companies involved.
Some sources suggest the US has long sought control over Venezuelan oil, echoing past statements by Hugo Chávez about US intentions.
Live reports are covering the significant oil agreement between Venezuela and the US.
Reports indicate NABEP plans to deploy over 50 drilling rigs in Venezuela to boost crude production, with backing from the Trump administration.
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