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Trump and Delcy Rodríguez grant NABEP oil concessions for 100 years in Venezuela

The Trump administration has signed a 100-year oil concession deal with North American Blue Energy Partners (NABEP) to operate 17 Venezuelan oil fields, with the U.S.

Tracked question

Is the regime's fiscal position stabilizing or collapsing? · Full question dossier →

linked by topic terms: oil

What would settle it: Two quarters of consistent PDVSA output and reserve figures from independent trackers.

Evidence state: establishedas of Sep 12, 2026changed from emerging → establishednot yet linked to a tracked event object in our corpus — no source count yet

NABEP, owned by Venezuelan businessman Alejandro Betancourt, will operate 17 oil fields with proven reserves of 65 billion barrels under a 100-year concession.

The U.S. Department of Defense's Office of Strategic Capital will hold a 35% stake in NABEP's parent company, and the State Department can buy 20% of production at cost.

NABEP currently produces over 200,000 barrels per day and plans to invest up to $100 billion to increase output to over 1 million barrels per day.

The agreement includes $200 billion in taxes and royalties to Venezuela over the first 25 years, and the U.S. will have veto power over board members, who must be U.S. citizens.

AI-assisted synthesis anchored to a real VeraVadis-analyzed source. Cleared by VeraVadis's automated editorial gates on 2026-09-02 — not reviewed by a human editor. Archive piece: published under our earlier method. It does not carry the per-claim evidence chain — who reported it first and who is echoing whom — that our current pieces carry. The source link and the date are the original ones.