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U.S.-Venezuela Oil Deal Includes 100-Year Concessions For Washington-Backed Company

Posted on September 1, 2026
By International Business Times
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1 min read

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U.S.-Venezuela Oil Deal Includes 100-Year Concessions For Washington-Backed Company

NABEP is the second-largest private oil producer in Venezuela, and has given the U.S. Department of War's Office of Strategic Capital an equity stake of 35% in its corporate parent.