Days after Trump announces Venezuela oil deal, White House fills in some of the details

As part of the deal, the U.S. is creating a private company as a joint venture with North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt.

Venezuela's interim president gives new US company 100-year rights to more than 17 oil fields.

Days after Trump announces Venezuela oil deal, White House fills in some of the details  AP News

The White House on Monday said it’s partnering with North American Blue Energy Partners as part of U.S. President Donald Trump’s push to tap into Venezuela’s oil industry, setting up a deal that will give the Pentagon a stake over roughly a fifth of the country’s vast oil reserves.

The White House says it’s partnering with North American Blue Energy Partners in a deal that will give the Pentagon a stake in Venezuela’s vast oil reserves