The United States confirmed the granting, for a period of 100 years, of part of Venezuela's oil reserves to the private company North American Blue Energy Partners (NABEP). This agreement represents one of the largest transfers of Venezuelan natural resources to private US interests in recent history.
The US Department of Defense will take 35% of NABEP's parent company, thus guaranteeing strong US military participation in the control of this oil operation. This link between the private company and the military department raises questions about the strategic interests behind the agreement.
The agreement was reached between the US administration led by Donald Trump and Venezuela's interim President, Delcy Rodríguez. This partnership represents a significant rapprochement between the two countries after years of diplomatic tension and sanctions imposed by the US on the Venezuelan government.
According to what was established, NABEP may explore for a century 17 oil fields with approximately 65 billion (unit cut off in the article). This century-long contract grants the American company extraction rights over a vast area of Venezuelan oil territory.
