The White House announced on Monday the terms of an oil agreement between the United States and Venezuela involving North American Blue Energy Partners, known as Nabep. ^[1] US President Donald Trump said the US gained majority control of more than 65 billion barrels of Venezuela's proven oil reserves, approximately 20% of the country's total. ^[2] 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. ^[3] The US Strategic Capital Office of the Pentagon will hold a 35% stake in the parent company of NABEP without any cost to US taxpayers. ^[4] The 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. ^[5] Donald Trump announced on a Friday a pact with the interim government of Venezuela led by Delcy Rodríguez that grants the United States participation in the development of 17 Venezuelan oil fields. ^[6] The 17 oil fields involved in the pact contain an estimated 65 billion barrels of crude oil, a quantity that exceeds the proven reserves of the United States, which are estimated at around 46 billion barrels. ^[7] Nabep granted the US Department of State a preferential right to acquire the remaining 80% of its production. ^[8] Former Venezuelan oil minister and PDVSA official Rafael Ramírez called the deal 'US neocolonialism' and 'unconstitutional', asserting that it cedes control of the country's territory and oil to a foreign power. ^[9] Several media outlets reported that Washington would receive 55% of production from the newly created joint venture. ^[10] Venezuela's interim president Delcy Rodríguez said the 25-year agreement covers 17 oil fields and will bring Venezuela over $100 billion in investment plus about $19 per barrel produced. ^[11] Betancourt appears in several investigations opened in Switzerland regarding money laundering linked to PDVSA and in Spain in the 'Atlantic case' involving similar crimes related to the state energy company. ^[12]