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Story summary
- U.S. President Donald Trump signed an agreement granting the United States access to Venezuela’s oil.
- The deal gives the United States a 35% stake in North American Blue Energy Partners owned by Alejandro Betancourt.
- Washington may purchase 20% of the partnership at $30 per barrel, excluding transport costs.
- The contract does not guarantee the White House’s $200 billion estimate of royalties and taxes for Venezuela.