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    "headline": "Venezuela grants U.S.-backed NABEP 100-year concessions for 17 oil fields, White House says",
    "dek": "White House says Venezuelan interim authorities granted NABEP 100-year concessions for 17 oil fields.",
    "prose": "The White House said on Monday that Venezuelan interim authorities granted U.S.-backed North American Blue Energy Partners (NABEP) 100-year concessions for 17 oil fields with proven reserves of about 65 billion barrels. [^1]\n\nThe White House and Venezuela's interim president disagree on the deal's length: the White House claims 100-year concessions for 17 oil fields, while Delcy Rodriguez had previously announced a 25-year deal. [^2]\n\nThe White House said in 2026 that North American Blue Energy Partners (NABEP) granted the Pentagon's Office of Strategic Capital a 35% equity stake in its corporate parent at no cost to the American taxpayer, as part of a Venezuela oil deal. [^3]\n\nThe agreement grants the United States the right to extract 65 billion barrels of Venezuelan oil across 17 fields for a duration of 100 years. [^4]\n\nThe Trump administration announced a pact with Venezuela to reinvigorate the country's oil industry, granting the United States control over a significant portion of its reserves. [^5]\n\nOn August 28, Donald Trump announced a historic oil agreement with Venezuela, claiming it grants the US majority control over 65 billion barrels of crude reserves. [^6]\n\nNABEP is the second-largest private oil producer in Venezuela. [^7]\n\nNABEP is expected to pay $200bn in royalties and taxes over the first 25 years of the deal to fund Venezuelan reconstruction and social development, according to the White House. [^8]\n\nVenezuelan interim President Delcy Rodriguez assumed power in January after a US military operation captured President Nicolas Maduro. [^9]\n\nThe US government secured the right to purchase 20% of the production at cost and has a preferential acquisition right for the remaining 80%. [^10]\n\nDelcy Rodríguez, the interim president of Venezuela, responded to the announcement with gratitude, stating the agreement would boost the country's economic growth and regional energy security. [^11]\n\nInternational media outlets verified that the US will not own all 65 billion barrels but will become the majority owner of a new company with rights to develop and operate 17 oil fields in the Orinoco Belt and Lake Maracaibo. [^12]",
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      "statement": "The White House said on Monday that Venezuelan interim authorities granted U.S.-backed North American Blue Energy Partners (NABEP) 100-year concessions for 17 oil fields with proven reserves of about 65 billion barrels.",
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      "statement": "The White House said in 2026 that North American Blue Energy Partners (NABEP) granted the Pentagon's Office of Strategic Capital a 35% equity stake in its corporate parent at no cost to the American taxpayer, as part of a Venezuela oil deal.",
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