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    "headline": "US-Venezuela Oil Deal Grants NABEP Century-Long Rights to 20% of Reserves",
    "dek": "A US-Venezuela oil agreement grants NABEP, led by Alejandro Betancourt, rights to exploit over 20% of Venezuelan crude reserves for up to 100 years.",
    "prose": "North American Blue Energy Partners (NABEP), led by Alejandro Betancourt, obtained an agreement with the United States to jointly exploit more than 20% of Venezuela's crude oil reserves. [^1]\n\nThe US Strategic Capital Office of the Pentagon will hold a 35% stake in the parent company of NABEP without any cost to US taxpayers. [^2]\n\nThe official dollar rate fixed by the Central Bank of Venezuela (BCV) crossed the 800 bolivares barrier on September 2, settling exactly at 801.17 bolivares per USD. [^3]\n\nMarco Rubio, US Secretary of State, said on 2025-09-01 that he participated directly in negotiations of the oil agreement announced by the Trump administration, describing it as part of Venezuela's economic recovery and political transition. [^4]\n\nRubio said presidential elections in Venezuela should be held 'as soon as possible' but no date is set; conditions must first be created for legitimacy, including opposition space, press freedom, an accepted electoral council, voting guarantees, and international observers. [^5]\n\nThe agreement grants NABEP 100-year concessions for 17 oil fields with proven reserves of approximately 65 billion barrels of oil in Venezuela. [^6]\n\nUS Energy Secretary Chris Wright and Venezuelan Interim President Delcy Rodríguez met in Caracas on 2026-07-15 to defend the designation of NABEP as the key partner in a new energy agreement. [^7]\n\nThe agreement between the United States and Venezuela can be extended for up to 100 years. [^8]\n\nThe White House announced that the agreement is expected to generate $200 billion in taxes for Venezuelan authorities over the next 25 years. [^9]\n\nNABEP plans to invest $100 billion in Venezuela's deteriorated oil infrastructure. [^10]\n\nPresident Donald Trump held a private meeting with oil executives at the White House on 2026-04-12. [^11]\n\nThe agreement grants the US access to 65 billion barrels of Venezuelan crude across 17 fields. [^12]",
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      "statement": "North American Blue Energy Partners (NABEP), led by Alejandro Betancourt, obtained an agreement with the United States to jointly exploit more than 20% of Venezuela's crude oil reserves.",
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