Here are some details of the despicable oil deal that Delcy Rodriguez praises to the sky.
Officials: US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms (excerpts) Reuters, August 31, 2026 Washington - U.S. oil company North American Blue Energy Partners (NABEP) will take over some oilfields previously controlled by several Chinese companies and a Russian firm, two U.S. officials told Reuters on Monday. The projects were among 14 contracts newly granted to U.S.-backed North American Blue Energy Partners, according to the officials. NABEP was previously owned by U.S. oil tycoon Harry Sargeant and is now controlled by Venezuelan businessman Alejandro Betancourt. NABEP said it will have operating control of the business and the U.S. government will have holding rights to a 35% stake in the company, alongside "preferential access" to 20% of the company’s production at cost. The White House said NABEP has also granted the U.S. Department of State the right of first refusal to purchase the remaining 80% of its production. The U.S. will also have veto power over NABEP's board and directors and has stipulated that a majority of the board must be American citizens, the White House added. NABEP is expected to control a total of 17 projects in Venezuela that it plans to develop and ultimately use to supply oil to the U.S. Fourteen of those projects will be newly granted by the Venezuelan government, the officials said. Five of the 14 fields have been operated by Chinese companies. Two other projects were operated by affiliates of Alex Saab, a former close associate of ousted Venezuelan President Nicolas Maduro who is currently being held in U.S. custody, the officials said. Another oilfield was linked to a nephew of Maduro's wife, Cilia Flores. https://www.reuters.com/business/energy/under-us-venezuela-oil-deal-some-chinese-russian-operators-lose-out-officials-2026-08-31/ -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#43246): https://groups.io/g/marxmail/message/43246 Mute This Topic: https://groups.io/mt/120991217/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
