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EXPLAINED: Nabep - The Real Truth

The Guardian view on Donald Trump’s oil deal: Venezuela pays for his vanity

Editorial: The US president seized a nation’s natural wealth in a modern-day version of gunboat diplomacy to feed his ego – not to lower Americans’ fuel bills

The Guardian - UK

The U.S. Got Broad Access To Venezuela's Oil. It Is Now Reportedly Setting Its Eyes On Its Minerals.

Like with the oil industry, the initiative seeks to open the country's sector to U.S. investments.

International Business Times

Trump Claims He Made 'Hundreds of Billions' From Stocks for the US: 'Very Unfair' That He's Criticised

Trump claims to be generating 'hundreds of billions' for the US through stock investments. Discover the truth behind government equity stakes and the lack of central accounting to verify these claims.

International Business Times UK

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The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal

Billionaire Alejandro Betancourt, once investigated by US authorities over alleged money laundering linked to Venezuelan state oil firm PDVSA, has emerged as a key US partner in a sweeping oil deal with Caracas. Reuters reports Betancourt helped Washington ahead of Nicolás Maduro’s capture and later brokered oil agreements benefiting US…

The Economic Times

US structured Venezuela oil position to protect it from dilution, official says

The US government secured a 35% stake in a Venezuelan oil venture. This stake was structured as warrants to protect against capital raises. The arrangement ensures the US realizes full project value without dilution. The deal also grants the US rights to purchase oil output. This pact aims to align…

The Economic Times

Trump Is Taking a Stake in Venezuela's Oil Industry and This Crony Is Cashing In

Alejandro Betancourt has become the key go-between for the Trump administration, Venezuela’s new regime, and American oil companies.

Reason

From 280,000 to 600,000 Barrels per Day: Chevron Seeks To Double Venezuelan Oil Production by Injecting $7 Billion

Chevron plans to spend $7 billion over five years, nearly doubling Venezuela output toward a 600,000-barrel daily target, new filings show.

Latin Times

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Marco Rubio Went Before a Venezuelan Audience to Defend Delcy Rodríguez and Alejandro Betancourt But The Questions Got Uncomfortable

Secretary of State Marco Rubio turned to a respected familiar voice to Venezuelans this week as the Trump administration faced mounting criticism over its cooperation with interim Venezuelan leader Delcy Rodríguez and its decision to place controversial businessman Alejandro Betancourt at the center of a historic oil agreement.

Latin Times

The Latest: Chevron expanding in Venezuela as Trump deal claims more oil reserves

Oil giant Chevron is expanding its operations in Venezuela as some details emerge about President Donald Trump's separate deal for a U.S.-controlled joint venture to develop more of the nation's proven reserves

The Independent UK

Chevron To Invest Billions And Double Oil Production In Venezuela After U.S. Deal

The company will invest $7 billion in the country over the next five years.

International Business Times

Trump Says Venezuela Oil Deal Will Lower Gas Prices. Industry Experts Say It Wouldn't Happen Quickly.

The agreement gives the U.S. government a 35 percent stake in North American Blue Energy Partners.

International Business Times

Is the US-Venezuela Oil Deal for 25 Years or 100? Here's What's Actually Been Signed

Trump says the deal is historic. Rodríguez says 25 years; the White House says 100. Betancourt has laundering probes on three continents.

Latin Times

U.S.-Venezuela Oil Deal Includes 100-Year Concessions For Washington-Backed Company

NABEP is the second-largest private oil producer in Venezuela, and has given the U.S. Department of War's Office of Strategic Capital an equity stake of 35% in its corporate parent.

International Business Times

Trump vows US will take 'all' of Venezuela's oil as deal details emerge

The White House has published the terms of its Venezuela oil deal, naming the private company at its centre and confirming Washington's majority control of more than 65 billion barrels, as President Trump vowed the US would be taking "all" of it.

Euronews

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Fortune

Trump’s ‘biggest oil deal in world history’ in Venezuela reeks of ‘colonial cronyism’ and could easily fall apart, experts say

The U.S.-Venezuela agreement would include a third-party oil operator and incorporate 17 mature or undeveloped oilfields.

The Economic Times

Trump's oil deal with Venezuela raises red flags for some major producers, sources say

A proposed US deal granting North American Blue Energy Partners a 100-year lease over 17 Venezuelan oilfields is raising concerns among major oil companies. The arrangement would give the US a 35% stake and guaranteed oil access, while NABEP’s Venezuelan owner Alejandro Betancourt’s past investigations add uncertainty for potential investors.

The Economic Times

US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say

North American Blue Energy Partners will acquire Venezuelan oilfields from Chinese and Russian companies. This move follows a significant oil production agreement announced by President Donald Trump. The U.S. company will gain access to 64 billion barrels of Venezuela's proven oil reserves. This arrangement displaces existing Chinese and Russian interests…

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