Published Sep 5, 2026, 9:12 AM ET · Updated 2 months ago · 1 source

Durability of Venezuela oil deal questioned due to company's track record and political instability

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Original Report

The Trump administration's deal with North American Blue Energy Partners to develop 17 new oil fields in Venezuela is questioned due to the company's lack of a long track record in developing new fields, despite its experience in rehabilitating old ones, and the political instability in Venezuela and the interim government raise concerns about the deal's long-term durability.