The Secret Terms of Trump’s Venezuelan Oil Deal
The agreement gives Washington a 35% stake and discounted access to 20% of production, while shielding the venture from easy reversal.
8 Articles
8 Articles
The energy pact led by Trump in Venezuela favors private entrepreneurs, without securing the taxes promised by the U.S. The agreement gives Washington priority in purchasing crude oil for 50 years, with a structure difficult to modify by future governments.
ProPublica
The Secret Terms of Trump’s Venezuelan Oil Deal
The Trump administration committed the U.S. to taking a large stake in a Venezuelan company, some of whose owners and investors are shielded from public view. The exact details of the agreement over oil fields had remained unclear — until now.
The oil agreement promoted by U.S. President Donald Trump in Venezuela protects the interests of private entrepreneurs, but does not establish the explicit obligation to pay the $200 billion in taxes and royalties that the White House has announced as profits for the South American country, according to an investigation published this Tuesday by ProPublica, [...] The entry U.S. oil pact shields partners and does not guarantee revenue to Venezuel…
The oil agreement promoted by US President Donald Trump in Venezuela protects the interests of private entrepreneurs, but does not establish the explicit obligation to pay the $200 billion in taxes and royalties that the White House has announced as profits for the South American country, according to an investigation published this Tuesday by ProPublica, [...] The entry U.S. oil agreement shields Alejandro Betancourt, but does not guarantee inc…
The pact allows the US to buy 20% of NABEP's production at $30 per barrel and gives it priority to acquire the rest of the crude oil for fifty years in Venezuela.
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