Story perspectives

U.S. Wins Majority Control of 65B Barrels Venezuelan Oil

9/5/2026

Summary

Story summary

The United States secured majority control of 65 billion barrels of Venezuelan oil in a deal with interim President Delcy Rodríguez.
North American Blue Energy Partners obtained 100-year concessions for 17 Venezuelan oil fields.
The agreement grants the United States 20% of the crude at cost and first-refusal rights on the remaining 80%.
Alejandro Betancourt López, NABEP’s majority shareholder, acted as intermediary after the 3 January U.S. seizure of Nicolás Maduro.

1 of 1

Story summary

The United States secured majority control of 65 billion barrels of Venezuelan oil in a deal with interim President Delcy Rodríguez.
North American Blue Energy Partners obtained 100-year concessions for 17 Venezuelan oil fields.
The agreement grants the United States 20% of the crude at cost and first-refusal rights on the remaining 80%.
Alejandro Betancourt López, NABEP’s majority shareholder, acted as intermediary after the 3 January U.S. seizure of Nicolás Maduro.