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Tuesday, September 1, 2026 · UTC
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Trump Administration Announces Century-Long Venezuelan Oil Pact

The US government secured a 100-year oil concession in Venezuela with North American Blue Energy Partners.

TruthFoundry News Desk
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Stands on 11 placed sources from 3 publishers.
As of 2026-09-01 13:22 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
The US government under Donald Trump announced a new oil agreement with Venezuela that grants North American Blue Energy Partners (NABEP) 100-year concessions to operate 17 oil fields. [1] Venezuela's interim president, Delcy Rodríguez, stated that the agreement will apply for 25 years and that Venezuela retains ownership of the 17 strategic fields. [2] The White House announced on Monday that the US government secured rights and majority control over more than 65 billion barrels of proven oil reserves in Venezuela. [3] North American Blue Energy Partners (NABEP) will grant the US Department of War's Office of Strategic Capital a 35% equity stake in its parent company. [4] The US Department of State will have the right to purchase 20% of the oil produced by current and future fields operated by the company at production cost. [5] The agreement was signed by US Secretary of State Marco Rubio and Secretary of War Pete Hegseth, granting the US government powerful governance and economic property rights. [6] The deal establishes a new Venezuelan private oil company, North American Blue Energy Partners (NABEP), which is projected to become the second largest private oil company in the world by reserves. [7] The US Department of Defense will receive a 35% equity stake in the parent company of NABEP, which the White House projects will generate hundreds of billions of dollars in dividends for Washington. [8] According to the US State Department fact sheet, Venezuela would provide 65 billion barrels of oil to the US to guarantee a stable supply and replenish US strategic reserves. [9] The fact sheet announces that Washington and NABEP approved an investment of up to US$100 billion in new oil infrastructure in Venezuela, which the administration says will create thousands of jobs and boost economic activity. [10] The US State Department released a fact sheet on the oil agreement with Venezuela, outlining three objectives: ensuring stable oil supply, boosting Venezuela's economic recovery, and reaffirming the Monroe Doctrine. [11]
What this stands on
  1. The US government under Donald Trump announced a new oil agreement with Venezuela that grants North American Blue Energy Partners (NABEP) 100-year concessions to operate 17 oil fields. · Excélsior
  2. Venezuela's interim president, Delcy Rodríguez, stated that the agreement will apply for 25 years and that Venezuela retains ownership of the 17 strategic fields. · Excélsior
  3. The White House announced on Monday that the US government secured rights and majority control over more than 65 billion barrels of proven oil reserves in Venezuela. · EL NACIONAL
  4. North American Blue Energy Partners (NABEP) will grant the US Department of War's Office of Strategic Capital a 35% equity stake in its parent company. · Excélsior
  5. The US Department of State will have the right to purchase 20% of the oil produced by current and future fields operated by the company at production cost. · Excélsior
  6. The agreement was signed by US Secretary of State Marco Rubio and Secretary of War Pete Hegseth, granting the US government powerful governance and economic property rights. · EL NACIONAL
  7. The deal establishes a new Venezuelan private oil company, North American Blue Energy Partners (NABEP), which is projected to become the second largest private oil company in the world by reserves. · EL NACIONAL
  8. The US Department of Defense will receive a 35% equity stake in the parent company of NABEP, which the White House projects will generate hundreds of billions of dollars in dividends for Washington. · EL NACIONAL
  9. According to the US State Department fact sheet, Venezuela would provide 65 billion barrels of oil to the US to guarantee a stable supply and replenish US strategic reserves. · EcoPortal.net
  10. The fact sheet announces that Washington and NABEP approved an investment of up to US$100 billion in new oil infrastructure in Venezuela, which the administration says will create thousands of jobs and boost economic activity. · EcoPortal.net
  11. The US State Department released a fact sheet on the oil agreement with Venezuela, outlining three objectives: ensuring stable oil supply, boosting Venezuela's economic recovery, and reaffirming the Monroe Doctrine. · EcoPortal.net
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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