NABEP statement on the U.S. deal

… <p>Following these transactions, NABEP now controls the rights to commercialize more than 65 billion barrels of P1 reserves in Venezuela. NABEP is seeking to rapidly expand its operations in Lake Maracaibo and the Orinoco Belt with the near-term goal of increasing production to more than 1 million barrels of oil per day.</p> <p>As it was announced, the program will involve nearly $100 billion in investment to increase production capacity and oil and gas infrastructure in Venezuela and will generate more than $209 billion in tax revenue for the Venezuelan state.</p> <p>In a statement <a href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4764540-1&amp;h=241463202&amp;u=https%3A%2F%2Fx.com%2FSecRubio%2Fstatus%2F2093472965404860812&amp;a=posted+to+X" target="_blank" rel="nofollow">posted to X</a>&nbsp;immediately following the announcement, U.S. Secretary of State Marco Rubio said: "This deal is a huge win for both the American and Venezuelan people. It demonstrates how President Trump's bold foreign policy is driving America First wins: securing stable reserves and low-cost oil in our Hemisphere and lowering gas prices here at home. For the Venezuelan people, this deal will bring nearly $100 billion in private investment, support thousands of high-paying jobs, and drive the reconstruction of Venezuela's economy."</p> …