What is North American Blue Energy Partners' (NABEP) target oil production level by late 2028, and how does that compare to its current output?

NABEP aims to increase Venezuelan crude oil production to 500,000 barrels per day by the end of 2028, more than doubling its current output of about 200,000 barrels per day.

What is the significance of the US government's involvement in NABEP's Venezuela oil deal, and what stake does it hold?

The US government signed what it called 'the biggest oil deal in world history' with NABEP, granting the company a 100-year concession to drill 17 fields holding an estimated 65 billion barrels of proved reserves; as part of this unprecedented agreement, the US took a 35% equity stake in the project.

Trump’s Venezuela Oil Venture Eyes 150% Output Hike by Late 2028

Sep 10, 2026

Backed by the Trump administration, North American Blue Energy Partners plans to double Venezuelan crude output to 500,000 barrels per day by late 2028. The U.S. government secured a 35% equity stake in the deal to accelerate production and stabilize fuel prices.

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