White House Details 100-Year Oil Concessions Deal with Venezuela

US secures 100-year concessions in Venezuela oil deal: White House

The White House provided specific details regarding an energy pact that grants Washington majority control over 65 billion barrels of proven oil reserves in Venezuela. North American Blue Energy Partners (NABEP) has granted the Pentagon’s Office of Strategic Capital a 35 per cent equity stake in its corporate parent “at no cost to the American taxpayer”, the White House said about the deal that was announced on Friday. Furthermore, the US State Department has the right to purchase 20pc of the...

By [email protected] (Anadolu Agency)