Pentagon Secures 35% Stake in Venezuelan Oil Venture After Deal Finalized

CNBC • 05 Sep 12:14

The U.S. Department of Defense has received a 35% equity stake in North American Blue Energy Partners, which holds concessions to 17 Venezuelan oilfields, giving Washington control over a portion of the country's crude reserves.

PBS • 03 Sep 23:49

Acting President Delcy Rodríguez authorized a 100-year joint venture giving a U.S. partner control over roughly 20% of Venezuela's oil fields, sparking mixed reactions among citizens who view the move as both a potential economic boost and a surrender of national assets.

AP News • 03 Sep 14:29

Acting President Delcy Rodríguez approved a 100-year joint venture giving a U.S. firm control over 17 oil fields, representing about one-fifth of Venezuela's proven reserves, prompting many citizens to view the move as a surrender of national assets.

The Bulwark • 02 Sep 16:39

The Department of Defense is reportedly negotiating a temporary arrangement to acquire a share of a Venezuelan oil company, a move that raises legal questions under U.S. and Venezuelan law.

CBS News • 01 Sep 21:01

The Trump administration announced a partnership with Venezuela to acquire a stake in its oil fields, claiming it could help refill the Strategic Petroleum Reserve, but experts say technical, financial and legal challenges make the prospect uncertain for years.

Democracy Now! • 01 Sep 20:36

The Trump administration said a new agreement will give U.S. companies majority control of more than 65 billion barrels of Venezuela's proven oil reserves, while Venezuelan officials claim the deal will bring investment and jobs.

Fox Business • 01 Sep 17:32

The Trump administration reached a deal granting the United States rights to purchase a share of oil from North American Blue Energy Partners' Venezuelan fields, while the company’s CEO, Alejandro Betancourt López, faces ongoing international investigations.

CNN • 01 Sep 14:56

The United States has taken a majority stake in a joint venture that will develop Venezuelan oil fields, but experts say the heavy crude is unsuitable for quickly replenishing the Strategic Petroleum Reserve.

NPR • 01 Sep 08:30

The Trump administration announced a partnership with North American Blue Energy Partners, granting the Pentagon a 35% share in a new company that will manage 17 Venezuelan oil fields for up to 100 years.

cbsnews.com • 01 Sep 03:15

The Trump administration announced a plan that gives the U.S. Defense Department a 35% stake in a private firm to develop about 65 billion barrels of Venezuelan oil, with the State Department able to purchase a portion of the output.

AP News • 01 Sep 02:08

The Trump administration announced a joint venture with North American Blue Energy Partners that gives the Pentagon a 35% stake in a company operating 17 Venezuelan oil fields, while lawmakers seek further clarification.

CNBC • 01 Sep 00:47

Venezuela's interim authorities granted North American Blue Energy Partners 100-year concessions for 17 oil fields, allowing the United States to secure a portion of the production at cost.

cbsnews.com • 31 Aug 17:57

Analysts say the joint venture to develop 17 Venezuelan oil fields could take years to affect U.S. fuel costs, and legal and operational hurdles make near-term impact unlikely.

NPR • 31 Aug 09:00

The United States will take a 55% stake in a joint venture to develop Venezuela's oil fields, but experts say the arrangement is unusual and unlikely to affect gasoline prices soon.

Fox Business • 30 Aug 06:57

President Donald Trump and Venezuela's interim president Delcy Rodríguez said a new bilateral deal will give the United States control of more than 65 billion barrels of Venezuelan reserves and aim for 1.5 million barrels per day of production over 25 years.

AP News • 29 Aug 18:35

The United States and an unnamed private operator in Venezuela have created a new company to develop 17 oil fields, giving the U.S. a 55% effective output share, but key terms of the agreement remain undisclosed.

Al Jazeera • 29 Aug 02:36

President Donald Trump announced a deal that would give the United States majority control of more than 65 billion barrels of proven Venezuelan oil reserves, a move the administration says will increase U.S. oil supplies and lower fuel prices.

NPR • 29 Aug 02:07

President Donald Trump said the United States has reached an agreement with Venezuela to develop 17 oil fields with an estimated 65 billion barrels of reserves, granting a U.S.-linked private company a long-term stake.

The Guardian • 28 Aug 23:34

President Donald Trump announced a partnership that would give the United States majority control over more than 65 billion barrels of proven Venezuelan oil reserves, though details of the agreement were not disclosed.

AP News • 28 Aug 23:14

President Donald Trump announced a deal that would give the United States control over 65 billion barrels of Venezuelan oil, citing involvement by senior officials, while Venezuelan officials have not confirmed the arrangement.

CNBC • 28 Aug 23:02

President Donald Trump announced a deal that would give the United States majority control of more than 65 billion barrels of Venezuelan oil, claiming it would be obtained without cost to taxpayers and could lower gasoline prices.

The Guardian • 28 Aug 16:30

U.S. officials are said to be in advanced talks with Venezuela's interim government to acquire a long-term share in several oil fields, prompting sharp criticism from Venezuelan opposition leaders who call the move unconstitutional.

The Independent • 28 Aug 00:33

U.S. officials say a deal is close that would give the United States ownership or long-term access to Venezuelan oil fields containing about 90 billion barrels of proven reserves.