Trump Touted a Record Venezuela Oil Deal. Now Reality Is Setting in - Regional Media News
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5 Articles
Trump touted a record Venezuela oil deal. Now reality is setting in - Regional Media News
By Marianna Parraga, Mircely Guanipa and Mariela Nava HOUSTON/MARACAIBO, Venezuela, Oct 30 (Reuters) - President Donald Trump called it the biggest oil deal in history: 17 Venezuelan oilfields holding some 64 billion barrels of reserves, handed to a single company. Delivering on it falls to [...]
The Reality Check Behind Trump's Venezuela Oil Deal
President Donald Trump described a major oil deal involving 17 Venezuelan oilfields with about 64 billion barrels of reserves, awarded to North American Blue Energy Partners (NABEP), led by Alejandro Betancourt. The deal allows the U.S. to own a 35% stake in NABEP and purchase 20% of its output at production costs. NABEP claims it […]
The company said that its production reached 223,509 barrels per day on October 19 and rejected the questions about its operations, debts with contractors and availability of equipment. Reuters had documented operational and financial difficulties that could hinder the objectives The post Nabep responds to Reuters and defends its oil expansion in Venezuela appeared first on El Carabobeño.
The company's agreement with Washington grants the United States a 35% stake in its corporate matrix and the right to purchase 20% of the production at the cost of extraction
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