U.S.-backed NABEP to take control of Venezuelan oil fields in new production deal
A U.S.-backed oil company is set to take control of several oil fields in Venezuela that were previously operated by Chinese companies and a Russian firm. The arrangement was announced on Monday and is part of a broader production deal linked to access to Venezuela's vast oil reserves. The fields are among 17 projects that NABEP will control in the country, according to the supplied report.The company involved is North American Blue Energy Partners, or NABEP, which was previously owned by U.S. oil magnate Harry Sargeant and is now controlled by Venezuelan businessman Alejandro Betancourt. Two U.S. officials were cited... [Continue Reading]
360LiveNews | 01 Sep 2026 05:30 LONDON
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