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Venezuela's Oil Deal With U.S. Revealed | Venezuela News
Venezuela’s state oil giant PDVSA just struck a bold deal with the Trump administration—calling it a “win-win”—to hand over 17 prime oilfields, holding 65 billion barrels, to private operator NABEP. Led by businessman Alejandro Betancourt (who’s facing corruption allegations), NABEP will invest $10 billion and operate the fields, while Venezuela collects taxes and royalties. The U.S. gets a 35% free stake through the Pentagon’s Office of Strategic Capital and veto power over NABEP’s board. Though the White House touted a century-long agreement, it’s actually 25 years with renewal options…
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