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    "headline": "US and Venezuela Sign Historic Oil Deal with NABEP",
    "dek": "US government and NABEP agree on $100B investment to develop Venezuelan oil reserves.",
    "prose": "The US Department of State and Department of War concluded an agreement with North American Blue Energy Partners (NABEP) on 2026-09-01 to significantly develop oil production in Venezuela. [^1]\n\nUnder the agreement terms, NABEP will retain operational control of the company while the US government holds rights to a 35% participation stake and preferential access to 20% of production at cost. [^2]\n\nThe U.S. Department of War announced on May 13 a $4 million investment in a national initiative to strengthen America's manufacturing and defense industrial base. [^3]\n\nNABEP CEO Alejandro Betancourt stated that the transaction will unlock the country's potential, benefiting both Venezuelans and Americans. [^4]\n\nThe new project aims to commercialize more than 65 billion barrels of P1 reserves in Venezuela. [^5]\n\nThe investment is designed to bolster the defense industrial base through a partnership with EXPLR Public Benefit Corporation Inc. [^6]\n\nThe national initiative focuses on strengthening STEM capabilities to support the defense industrial base. [^7]\n\nThe Office of the Assistant Secretary of War for Industrial Base Policy is the specific office within the Department of War executing this initiative. [^8]",
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      "statement": "The US Department of State and Department of War concluded an agreement with North American Blue Energy Partners (NABEP) on 2026-09-01 to significantly develop oil production in Venezuela.",
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