Experts say the US government's unprecedented tie-up with Venezuelan E&P Nabep deserves intense scrutiny — particularly around "at-cost" oil and Nabep's capacity to deliver.

Experts say the US government's unprecedented tie-up with Venezuelan E&P Nabep deserves intense scrutiny — particularly around "at-cost" oil and Nabep's capacity to deliver.

Not all of the recent investment announcements carry equal weight: Some have real potential for production growth, while others appear more aspirational for now.

The US is betting big on Venezuela’s oil potential. But significant questions remain about how much will actually be developed and invested, and what US refiners can take.