US-Venezuela oil deal about supply and thwarting 'adversary': White House
- Posted on September 1, 2026
- By Usa Today
- 1 Views
- 1 min read
In brief
The White House has strategically facilitated an oil agreement between the United States and Venezuela, granting NABEP exclusive 100-year concessions across 17 Venezuelan oil fields. This geopolitical move aims to secure stable energy supplies while simultaneously countering influence from rival powers in the region. The deal represents a significant shift in US-Venezuela relations, balancing economic interests with broader strategic objectives in Latin America's energy sector.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
US-Venezuela oil deal about supply and thwarting 'adversary': White House
The Venezuelan authorities have granted NABEP 100-year concessions for 17 oil fields across the country.
