Trump's Venezuela oil partner

President Donald Trump has brokered a deal with Venezuela to enable U.S. access to oil resources controlled by Venezuela’s private oil producer, NABEP. The agreement allows the U.S. to buy 20% of oil produced from NABEP-operated fields at cost and grants priority rights to purchase the remaining 80%, aiming to increase U.S. oil supply and lower gas prices. NABEP, led by Alejandro Betancourt López, a Venezuelan oil executive, is expected to expand production significantly, potentially generating hundreds of billions of dollars in revenue and dividends for the U.S. government.

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