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Trump Announces 35% U.S. Stake in Venezuela Oilfields

By Drooid · Oct 31, 2026 · How we work

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U.S. President Donald Trump announced a 35% U.S. stake in Blue Energy Partners’ Venezuelan oilfields.
Trump said the deal covered 17 fields with 64 billion barrels, though experts estimate only about 10 billion are developable.
When the first 1 million-barrel cargo reached Texas, Trump called it a free “gift.”
NABEP aims for over 1 million barrels per day, with PDVSA Vice President Jovanny Martinez estimating six-to-seven years to achieve it.

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U.S. President Donald Trump announced a 35% U.S. stake in Blue Energy Partners’ Venezuelan oilfields.
Trump said the deal covered 17 fields with 64 billion barrels, though experts estimate only about 10 billion are developable.
When the first 1 million-barrel cargo reached Texas, Trump called it a free “gift.”
NABEP aims for over 1 million barrels per day, with PDVSA Vice President Jovanny Martinez estimating six-to-seven years to achieve it.