'Biggest Oil Deal In World History': Questions
The arrangement gives the United States equity, governance and off-take rights tied to concessions for North American Blue Energy Partners, a White House fact sheet said.
7 Articles
7 Articles
For the oil deal with Venezuela, the U.S. government is working with a little-known company instead of giants like ExxonMobil
Nothing that happens in Venezuela after the capture on January 3 of Nicolás Maduro should be called “agreement,” at least if by agreement it is understood that both parties negotiate on equal terms. They are not. The reality is that Venezuela is a country intervened by force, and that President Delcy Rodríguez complies with instructions from the White House. It is not clear with what degree of resistance, but always under the threat of running t…
The U.S. has been granted long-term access to Venezuela's reserves of about 65 billion barrels of oil. The private NABEP has been granted 100 years of concessions and the United States government has been given a share and special rights to purchase raw materials. Trump has called the agreement "the largest oil deal in world history".
ExxonMobil and ConocoPhillips avoid committing investments in the exploitation of 17 Venezuelan deposits awarded to an unknown private firm in Barbados.
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