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Trump's oil deal with Venezuela raises red flags for some major producers, sources say
A proposed US deal granting North American Blue Energy Partners a 100-year lease over 17 Venezuelan oilfields is raising concerns among major oil companies. The arrangement would give the US a 35% stake and guaranteed oil access, while NABEPs Venezuelan owner Alejandro Betancourts past investigations add uncertainty for potential investors.
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euronews.com
US and Venezuela strike huge oil deal
Trump has long been candid about his desire for the US to secure Venezuelan oil and has urged oil companies to invest in the South American nation.
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hindustantimes.com
Trump calls it the ‘biggest oil deal in world’s history’. Can Venezuela's 65 billion barrels actually be delivered?
The pact would give the US 55% of a joint venture over 17 Venezuelan oilfields for 100 years. But legal, political and infrastructure risks cloud its future.
