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Trump commits to seizing Venezuela's oil
Reports have indicated that U.S. President Donald Trump pledged that the United States would seize "all" Venezuelan oil through a major deal signed by North American Blue Energy Partners (NABEP). The deal grants rights to oil reserves exceeding 65 billion barrels in Venezuela, compared to 46 billion barrels on American land, with an estimated investment of $100 billion in oil infrastructure over 25 years. According to the agreement, Washington will control more than 80% of production, with the right to purchase 20% of it to benefit from the strategic reserves. This deal is considered the largest oil acquisition in American history and underscores Washington's efforts to reclaim control over Venezuela's energy resources, despite the political risks and legal challenges involved.
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