What are the key financial and strategic commitments made by North American Blue Energy Partners (NABEP) under the U.S.-Venezuela oil deal?

NABEP committed to invest up to $100 billion in new oil infrastructure in Venezuela to rapidly scale production, and is expected to pay $200 billion in royalty and tax payments over the first 25 years. Strategically, NABEP granted the U.S. Department of State the right of first refusal to purchase the remaining 80% of its oil production and awarded the Pentagon's Office of Strategic Capital a 35% equity stake in its corporate parent.

How does the White House describe NABEP’s role and legitimacy in Venezuela’s oil sector?

The White House describes NABEP as a privately held oil company, the second-largest private Venezuelan oil producer, and a 'proven operator' whose concessions are governed by Venezuela's hydrocarbons law.

White House releases terms of oil deal with North American Blue Energy Partners

Aug 31, 2026

The White House released terms of a U.S.-Venezuela oil deal with North American Blue Energy Partners, outlining a $100 billion investment plan. The deal grants the U.S. State Department priority rights on production and assigns a 35% equity stake to the Pentagon.

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