- US oil executives are concerned about a broad oil deal between the US and Venezuela, fearing it could interfere with their ongoing negotiations and exclude them from promising assets.
- The deal, orchestrated by the US State Department and Pentagon, involves a 35% stake in North American Blue Energy Partners (NABEP) and grants them 100-year rights to exploit Venezuelan oil fields, surprising many in the industry.
- Concerns include the US government's potential to create a de facto national oil company that competes with US producers, and the concentration of valuable oil fields under NABEP, led by Alejandro Betancourt, who has a controversial past.
Topics: Asset types, Jurisdictions, Legal regulatory, Real assets, Emerging hubs, Enforcement actions litigation
Tags: #trump #venezuela #oildeal #usoilexecutives #alejandrobetancourt #nabep #delcyrodriguez #chriswright #chevron #enispa
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