POLITICS● ELEVATEDSep 8 · Sep 8, 2026, 9:30 PM
Trump’s Venezuela oil deal: why China can wait and watch
South China Morning Post · global
When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it “the biggest oil deal in history”. The White House fact sheet provided the details: NABEP’s 100-year concessions on 17 oilfields with 65 billion barrels of proven reserves, a 35 per cent Pentagon stake, a 20 per cent State Department offtake at cost with...
GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.
More in Politics
POLITICS32m agoEurope Today: Spanish FM on Euronews, Black Sea drone attacks, EU-China resetEuroNews [en]POLITICS34m agoCosta Rica opens mega-prison, 'just a breeding ground for drug cartels'NOS BuitenlandPOLITICS39m agoHow North Macedonia’s Inheritance Tax Policy Penalises Childless HeirsBalkan InsightPOLITICS54m agoBosnia’s New Government was Being Built as Votes Were Still Being CountedBalkan Insight