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U.S.-Venezuela oil deal will rely on North American Blue Energy Partners
Published by CBS News on August 31, 2026.
CBS splits the 65 billion barrels as about one-fifth of Venezuela's total and the 35 percent as a company stake.
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roughly one-fifth of Venezuela's total proven oil reserves
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- The White House says 100-year rights to 17 Venezuelan oil fields. Caracas says 25 years, renewable. · cited for the split between one-fifth of reserves and 35 percent of the company
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Timeline entries this record anchors: White House fact sheet on the NABEP concessions.