Latest / Pakistan News Today | 2 Min News | The Daily News Now!
US Seizes Venezuela’s Oil Future | Pakistan News
The White House just unveiled a seismic energy deal with Venezuela, securing control over 65 billion barrels of oil and giving the U.S. the option to buy 20% of production at cost—granting Washington unprecedented leverage. While Venezuela’s interim leader touted a 25-year pact, the real deal is a century-long concession secured by U.S.-based NABEP for 17 oil fields, promising $200 billion in royalties to fund reconstruction and social programs. Governed by U.S. law and subject to American courts, the agreement requires most NABEP board members to be U.S. citizens—with Washington controlling…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.