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White House Eyes Venezuela Oil Deal | Venezuela News
The White House just unveiled a bold new play for Venezuela’s oil: a 35% Pentagon stake in NABEP, a private joint venture poised to control 17 oil fields with 65 billion barrels of proven reserves. Backed by billionaire Alejandro Betancourt, the deal promises $100 billion in infrastructure investment and aims to shift control from Russian, Chinese, or former regime-linked firms to American hands — all while reviving Venezuela’s production to refill U.S. reserves and boost asphalt exports. Critics question the timeline, but the administration sees it as the cornerstone of 21st-century energy…
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