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Venezuelan-US Oil Pact Faces Risks
Experts have indicated that the agreement between the White House and the transitional authorities in Venezuela regarding the management of oil reserves faces significant political and investment risks. The deal involves developing the reserves through North American Blue Energy Partners, with the Pentagon acquiring a 35% share, and allowing Washington to purchase oil stakes on preferential terms without using Americans’ funds. Despite promises of a $100 billion investment to bolster the Venezuelan economy, opponents believe the legitimacy of the deal may be at risk due to political instability and the company's history, potentially hindering production growth and the influx of foreign capital.
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