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    "headline": "White House Partners with NABEP for Pentagon Stake in Venezuela Oil",
    "dek": "The White House announced a deal giving the Pentagon a 35% stake in a new oil venture with North American Blue Energy Partners.",
    "prose": "The White House announced on Monday that it is partnering with North American Blue Energy Partners to form a new oil company where the Pentagon holds a 35% ownership stake. [^1]\n\nPresident Donald Trump announced a deal to develop Venezuela's oil reserves and give the Pentagon a stake in the profits. [^2]\n\nThe White House reaffirmed on May 1 that the United States remains open to dialogue with North Korean leader Kim Jong-un without preconditions. [^3]\n\nNorth American Blue Energy Partners, owned by Alejandro Betancourt, has agreed to invest $100 billion in new oil infrastructure. [^4]\n\nThe deal grants the new oil company 100-year rights over 17 oil fields with proven reserves of about 65 billion barrels. [^5]\n\nThe State Department will receive a guarantee to purchase 20% of the output from the new oil company at cost. [^6]\n\nAnalysts questioned whether Venezuela's acting President Delcy Rodríguez has the legal authority to give the company 100-year rights over 17 oil fields with reserves of 65 billion barrels without National Assembly approval. [^7]\n\nChevron officials and Energy Secretary Chris Wright are expected to visit Venezuela on Wednesday to formally unveil the new investment. [^8]\n\nThe deal with NABEP would create a new company where the Pentagon takes a 35% ownership stake and the State Department has the right to buy 20% of the oil produced at cost. [^9]\n\nA White House official stated that President Trump is still willing to talk to Kim Jong-un without conditions, referencing their previous historic meetings in 2018 and 2019. [^10]\n\nThe White House official did not explicitly mention North Korean denuclearization as part of the policy when asked about preparations for a summit. [^11]\n\nAnalysts suggested the White House may be using the lack of preconditions as a lure to bring Kim to the negotiating table while avoiding explicit mention of denuclearization. [^12]",
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