🚨 LATEST UPDATE :
The White House has announced a historic US-Venezuela oil agreement, granting North American Blue Energy Partners (NABEP) 100-year concessions over 17 oil fields holding ~65 billion barrels of proven reserves.
🛢️ Core Details of the Deal
US Government Equity: The US secures a 35% equity stake in NABEP's parent company at zero taxpayer cost and holds veto power over board appointments.
Supply Control: The US receives the right to buy 20% of production at cost, plus the right of first refusal for the remaining 80%.
Financial Commitments: NABEP will invest $100 billion in infrastructure, while Venezuela is projected to receive $200 billion in royalties and taxes over 25 years.
$UNI $NEAR $ENA
The White House has announced a historic US-Venezuela oil agreement, granting North American Blue Energy Partners (NABEP) 100-year concessions over 17 oil fields holding ~65 billion barrels of proven reserves.
🛢️ Core Details of the Deal
US Government Equity: The US secures a 35% equity stake in NABEP's parent company at zero taxpayer cost and holds veto power over board appointments.
Supply Control: The US receives the right to buy 20% of production at cost, plus the right of first refusal for the remaining 80%.
Financial Commitments: NABEP will invest $100 billion in infrastructure, while Venezuela is projected to receive $200 billion in royalties and taxes over 25 years.
$UNI $NEAR $ENA
