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U.S. Partner in Venezuela Oil Deal Looks to Hike Crude Production

Summary by Oil Price
The privately held company that’s partnering with the U.S. Administration to boost oil production in Venezuela has raised output by about 20,000 barrels per day (bpd) since August and plans to soon add more rigs to further hike production. North American Blue Energy Partners (NABEP), announced by the White House in August as one of the U.S. Administration’s partners in “the biggest oil deal in world history”, will soon activate three rigs in the…

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Editorial (ALN) .- The businessman Alejandro Betancourt spoke for the first time about the oil agreements in Venezuela after being the main shareholder and executive director of North American Blue Energy Partners (Nabep). «We broke record 115,000 barrels and it is a pride to be here with the staff we have, with Nabeb and Petróleos workers [...] The entry Alejandro Betancourt spoke for the first time about the oil agreements in Venezuela (+video…

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News of the Day and the Hour Latest News of today The oil company North American Blue Energy Partners Inc. (NABEP) is deploying a sixth drilling platform in Venezuela, as production increases... The news NABEP is deploying a sixth drilling platform in Venezuela was first published in News of the Day and the Hour Latest News of today

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The energy company reinforced its drilling and maintenance activities in the Junín block by direct reinvestment of its net revenues, discarding external loans.

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The US oil company North American Blue Energy Partners Inc. (NABEP) began the deployment of its sixth drilling platform in Venezuelan territory in order to accelerate the increase in crude oil extraction in the Orinoco Oil Strip, according to Bloomberg International Agency. It may interest you: The US celebrates “concrete results” after [...] The entry NABEP adds a sixth drilling platform in the Orinoco Strip to accelerate oil pumping was first …

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Oil Price broke the news in New York, United States on Friday, October 23, 2026.
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