America boosts influence over Venezuelan oil
U.S. President Donald Trump and Venezuela's interim President Delsy Rodríguez have reached an agreement on a oil deal that includes the United States acquiring a 35% stake in North American Blue Energy Partners, with the right to purchase 20% of its production at cost price. The plan is financed through low-interest bonds from the U.S. Department of Defense. The goal of the deal is to make the company the second-largest proven oil reserve in the world after Saudi Aramco, aiming to secure a long-term source of oil in the Western Hemisphere and protect U.S. interests amidst global energy supply disruptions. This move comes as part of Washington’s effort to leverage oil politically ahead of the midterm elections in November, in a bid to increase its influence in the Venezuelan energy sector.
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