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Pentagon-Backed Oil Company Is Set to Vie for Chevron’s Crown in Venezuela
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Karar Gazetesi
Karar GazetesiA Venezuelan oil company supported by the US Department of Defense (Pentagon) is challenging the dominance of American oil giant Chevron in the country. North American Blue Energy Partners (NABEP), a Venezuelan oil company in which the Pentagon holds a 35 percent passive stake, is rapidly increasing its production in the country. NABEP, managed by Venezuelan businessman Alejandro Betancourt, secured the right to develop 17 oil fields last month …
The new Washington-backed oil company accelerates its production after securing 17 fields with 65 billion barrels and aspires to displace Chevron as the country's main private operator.trang>By Redacción Negocios TV</strong/p>
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