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    "headline": "US Announces Oil Deal Terms with Venezuela's Nabep",
    "dek": "The White House revealed terms of a US-Venezuela oil deal involving North American Blue Energy Partners.",
    "prose": "The White House announced on Monday the terms of an oil agreement between the United States and Venezuela involving North American Blue Energy Partners, known as Nabep. [^1]\n\nUS President Donald Trump said the US gained majority control of more than 65 billion barrels of Venezuela's proven oil reserves, approximately 20% of the country's total. [^2]\n\nNorth American Blue Energy Partners (NABEP), led by Alejandro Betancourt, obtained an agreement with the United States to jointly exploit more than 20% of Venezuela's crude oil reserves. [^3]\n\nThe US Strategic Capital Office of the Pentagon will hold a 35% stake in the parent company of NABEP without any cost to US taxpayers. [^4]\n\nThe official dollar rate fixed by the Central Bank of Venezuela (BCV) crossed the 800 bolivares barrier on September 2, settling exactly at 801.17 bolivares per USD. [^5]\n\nDonald Trump announced on a Friday a pact with the interim government of Venezuela led by Delcy Rodríguez that grants the United States participation in the development of 17 Venezuelan oil fields. [^6]\n\nThe 17 oil fields involved in the pact contain an estimated 65 billion barrels of crude oil, a quantity that exceeds the proven reserves of the United States, which are estimated at around 46 billion barrels. [^7]\n\nNabep granted the US Department of State a preferential right to acquire the remaining 80% of its production. [^8]\n\nFormer Venezuelan oil minister and PDVSA official Rafael Ramírez called the deal 'US neocolonialism' and 'unconstitutional', asserting that it cedes control of the country's territory and oil to a foreign power. [^9]\n\nSeveral media outlets reported that Washington would receive 55% of production from the newly created joint venture. [^10]\n\nVenezuela's interim president Delcy Rodríguez said the 25-year agreement covers 17 oil fields and will bring Venezuela over $100 billion in investment plus about $19 per barrel produced. [^11]\n\nBetancourt appears in several investigations opened in Switzerland regarding money laundering linked to PDVSA and in Spain in the 'Atlantic case' involving similar crimes related to the state energy company. [^12]",
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