U.S.-Venezuela oil deal will rely on North American Blue Energy Partners

The Trump administration's plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday.

In releasing new details of the plan, announced Friday, the White House said the U.S. is forming a new company with NABEP, already the second largest operator in Venezuela, in hopes of creating a new oil giant.

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

White House working with North American Blue Energy Partners on Venezuela oil deal  AP News

White House working with North American Blue Energy Partners on Venezuela oil deal  Toronto Star

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