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NABEP and the 17 fields: Does the P2P rate change anything in Venezuela?Once again, oil is back at the center of the country’s economic conversation. North American Blue Energy Partners (NABEP) claims it can double production in 17 Venezuelan fields and add around 300,000 barrels per day (bpd) over a period of a little more than two years. Washington supports the message: it talks about an operator with experience in complicated fields and of an agreement which, according to its spokespeople, represents a breath of fresh air for an economy battered by years of hyperinflation and almost no investment.
NABEP and the 17 fields: Does the P2P rate change anything in Venezuela?
Once again, oil is back at the center of the country’s economic conversation. North American Blue Energy Partners (NABEP) claims it can double production in 17 Venezuelan fields and add around 300,000 barrels per day (bpd) over a period of a little more than two years. Washington supports the message: it talks about an operator with experience in complicated fields and of an agreement which, according to its spokespeople, represents a breath of fresh air for an economy battered by years of hyperinflation and almost no investment.
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Nabep: Betancourt retains the majority, and oil rattles the dollar📊 Nabep, the oil company that got caught in the center of the controversy
North American Blue Energy Partners (Nabep), a company founded just in 2024 and headquartered in Barbados, confirmed this week that the entrepreneur Alejandro Betancourt’s family retains majority ownership in its shareholding. The firm is the second private oil company operating in Venezuela, only behind Chevron, and it manages significant assets in Lake Maracaibo and the Orinoco Oil Belt.
The company found itself in the eye of the storm because it was chosen to carry out the energy agreement announced at the end of August between Caracas and Washington. The deal includes 100-year concessions over 17 oil fields with estimated reserves of 65 billion barrels. The White House report that accompanied the announcement included some juicy details: Nabep transferred 35% of its parent company to the Strategic Capital Office of the U.S. Department of Defense, and the U.S. government has the right to veto at the board level, where most members must be U.S. nationals.
Nabep: Betancourt retains the majority, and oil rattles the dollar
📊 Nabep, the oil company that got caught in the center of the controversy
North American Blue Energy Partners (Nabep), a company founded just in 2024 and headquartered in Barbados, confirmed this week that the entrepreneur Alejandro Betancourt’s family retains majority ownership in its shareholding. The firm is the second private oil company operating in Venezuela, only behind Chevron, and it manages significant assets in Lake Maracaibo and the Orinoco Oil Belt.
The company found itself in the eye of the storm because it was chosen to carry out the energy agreement announced at the end of August between Caracas and Washington. The deal includes 100-year concessions over 17 oil fields with estimated reserves of 65 billion barrels. The White House report that accompanied the announcement included some juicy details: Nabep transferred 35% of its parent company to the Strategic Capital Office of the U.S. Department of Defense, and the U.S. government has the right to veto at the board level, where most members must be U.S. nationals.
North American Blue Energy Partners (Nabep), a company founded just in 2024 and headquartered in Barbados, confirmed this week that the entrepreneur Alejandro Betancourt’s family retains majority ownership in its shareholding. The firm is the second private oil company operating in Venezuela, only behind Chevron, and it manages significant assets in Lake Maracaibo and the Orinoco Oil Belt.
The company found itself in the eye of the storm because it was chosen to carry out the energy agreement announced at the end of August between Caracas and Washington. The deal includes 100-year concessions over 17 oil fields with estimated reserves of 65 billion barrels. The White House report that accompanied the announcement included some juicy details: Nabep transferred 35% of its parent company to the Strategic Capital Office of the U.S. Department of Defense, and the U.S. government has the right to veto at the board level, where most members must be U.S. nationals.
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NABEP and oil: what Trump’s deal could move in Venezuelan P2PThe news that the United States acquired a 35% stake in the oil company NABEP and rights to 20% of its production at cost price has not only shaken the energy sector in Washington. For those of us who live day to day in Venezuela’s P2P market, this kind of deal is also an indicator of how many dollars could enter the country, how stable the exchange rate would remain, and how best to operate with USDT.
## The cracks in the U.S. oil industry
While Donald Trump celebrates what he considers "the greatest deal ever made," several leaders in the U.S. oil sector view the move with suspicion. They fear unfair competition: that the U.S. government itself, through NABEP, could become a de facto state oil company and sweep away negotiations that private companies had already advanced in Venezuela.
NABEP and oil: what Trump’s deal could move in Venezuelan P2P
The news that the United States acquired a 35% stake in the oil company NABEP and rights to 20% of its production at cost price has not only shaken the energy sector in Washington. For those of us who live day to day in Venezuela’s P2P market, this kind of deal is also an indicator of how many dollars could enter the country, how stable the exchange rate would remain, and how best to operate with USDT.
## The cracks in the U.S. oil industry
While Donald Trump celebrates what he considers "the greatest deal ever made," several leaders in the U.S. oil sector view the move with suspicion. They fear unfair competition: that the U.S. government itself, through NABEP, could become a de facto state oil company and sweep away negotiations that private companies had already advanced in Venezuela.
## The cracks in the U.S. oil industry
While Donald Trump celebrates what he considers "the greatest deal ever made," several leaders in the U.S. oil sector view the move with suspicion. They fear unfair competition: that the U.S. government itself, through NABEP, could become a de facto state oil company and sweep away negotiations that private companies had already advanced in Venezuela.
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Oil revenues audited by the U.S.: What will happen to P2P and the dollar in Venezuela?## An agreement that goes beyond oil
The White House announcement about the agreement with NABEP has implications beyond energy. For those of us who closely follow the pulse of the dollar and the P2P market in Venezuela, the news raises a key question: what does it mean that oil revenues are managed and audited from the United States?
According to the official statement, any amount that NABEP assigns to PDVSA must go through an account managed by the U.S. government. In plain terms, this is a tight grip on the flow of foreign currency that has traditionally supported Venezuela's economy. And in a country where the dollar and USDT are already de facto currency, this move could reshape the board.
Oil revenues audited by the U.S.: What will happen to P2P and the dollar in Venezuela?
## An agreement that goes beyond oil
The White House announcement about the agreement with NABEP has implications beyond energy. For those of us who closely follow the pulse of the dollar and the P2P market in Venezuela, the news raises a key question: what does it mean that oil revenues are managed and audited from the United States?
According to the official statement, any amount that NABEP assigns to PDVSA must go through an account managed by the U.S. government. In plain terms, this is a tight grip on the flow of foreign currency that has traditionally supported Venezuela's economy. And in a country where the dollar and USDT are already de facto currency, this move could reshape the board.
The White House announcement about the agreement with NABEP has implications beyond energy. For those of us who closely follow the pulse of the dollar and the P2P market in Venezuela, the news raises a key question: what does it mean that oil revenues are managed and audited from the United States?
According to the official statement, any amount that NABEP assigns to PDVSA must go through an account managed by the U.S. government. In plain terms, this is a tight grip on the flow of foreign currency that has traditionally supported Venezuela's economy. And in a country where the dollar and USDT are already de facto currency, this move could reshape the board.
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Article
Analysis: Can NABEP double oil production at the 17 Venezuelan fields?U.S. government officials said that the company North American Blue Energy Partners (NABEP) is a proven operator that knows how to increase oil production.
The oil agreement recently signed by Venezuela and U.S. authorities is focused on fields that are “aging, degraded, or whose access is costly.”
According to Bloomberg, the energy company North American Blue Energy Partners (NABEP) has said it aims to double oil production at the 17 fields by adding about 300,000 barrels of oil per day (bpd) over more than 2 years.
Analysis: Can NABEP double oil production at the 17 Venezuelan fields?
U.S. government officials said that the company North American Blue Energy Partners (NABEP) is a proven operator that knows how to increase oil production.
The oil agreement recently signed by Venezuela and U.S. authorities is focused on fields that are “aging, degraded, or whose access is costly.”
According to Bloomberg, the energy company North American Blue Energy Partners (NABEP) has said it aims to double oil production at the 17 fields by adding about 300,000 barrels of oil per day (bpd) over more than 2 years.
The oil agreement recently signed by Venezuela and U.S. authorities is focused on fields that are “aging, degraded, or whose access is costly.”
According to Bloomberg, the energy company North American Blue Energy Partners (NABEP) has said it aims to double oil production at the 17 fields by adding about 300,000 barrels of oil per day (bpd) over more than 2 years.
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Article
The geopolitical shift by the U.S. reshapes investment opportunities in international marketsVenezuela, according to Copérnico
A report prepared by economist Jorge Piedrahita highlights that Venezuela has become an investment opportunity driven by its energy resources and strategic minerals.
A new analysis of the financial landscape prepared by economist Jorge Piedrahita, a representative of the asset management firm Copérnico Venezuela Fund, states that the country's economy has begun to be transformed under a new strategic lens for the United States.
According to the agreement, the country has stopped being seen solely as a conditional bet on an uncertain political outcome, to become an investment opportunity driven by its energy resources and strategic minerals.
The geopolitical shift by the U.S. reshapes investment opportunities in international markets
Venezuela, according to Copérnico
A report prepared by economist Jorge Piedrahita highlights that Venezuela has become an investment opportunity driven by its energy resources and strategic minerals.
A new analysis of the financial landscape prepared by economist Jorge Piedrahita, a representative of the asset management firm Copérnico Venezuela Fund, states that the country's economy has begun to be transformed under a new strategic lens for the United States.
According to the agreement, the country has stopped being seen solely as a conditional bet on an uncertain political outcome, to become an investment opportunity driven by its energy resources and strategic minerals.
A report prepared by economist Jorge Piedrahita highlights that Venezuela has become an investment opportunity driven by its energy resources and strategic minerals.
A new analysis of the financial landscape prepared by economist Jorge Piedrahita, a representative of the asset management firm Copérnico Venezuela Fund, states that the country's economy has begun to be transformed under a new strategic lens for the United States.
According to the agreement, the country has stopped being seen solely as a conditional bet on an uncertain political outcome, to become an investment opportunity driven by its energy resources and strategic minerals.
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NABEP plans to increase its oil production in Venezuela by 150% by 2028, according to Bloomberg
Increasing Venezuela’s oil production has become one of U.S. President Donald Trump’s top priorities after gasoline and diesel prices surged due to the conflict with Iran.
The energy company North American Blue Energy Partners (NABEP) plans to double its oil production in Venezuela in a little more than 2 years.
As Bloomberg reported, the oil firm expects to raise its production to 500,000 barrels of oil per day (bpd) by the end of 2028, from the 200,000 it currently produces, which means a 150% increase.
The growth of the consortium’s current production has been financed with “free cash flow,” so any external investment will help speed up the expansion, the company said in a statement sent to the international outlet.
It also indicated that the agreement signed with the U.S. government “only accelerates the trajectory” of the growth project that NABEP has in Venezuela.
One of U.S. President Donald Trump’s key priorities is to increase Venezuela’s oil production after fuel prices surged due to the conflict with Iran.
Second-largest private oil producer company
NABEP is Venezuela’s second-largest private crude oil production company, ranking behind Chevron Corp., which last week announced projects to raise its production in the country.
“Before our agreement with the U.S. government, we were already on track to maintain that momentum,” the Venezuelan energy company highlighted.
Likewise, it said that the partnership with the U.S. government and the external investment it will bring “only accelerate the path we were already following.”
#EEUU #venezuela #caracasvenezuela #petróleo #Nabep $CL $BZ
NABEP plans to increase its oil production in Venezuela by 150% by 2028, according to Bloomberg
Increasing Venezuela’s oil production has become one of U.S. President Donald Trump’s top priorities after gasoline and diesel prices surged due to the conflict with Iran.
The energy company North American Blue Energy Partners (NABEP) plans to double its oil production in Venezuela in a little more than 2 years.
As Bloomberg reported, the oil firm expects to raise its production to 500,000 barrels of oil per day (bpd) by the end of 2028, from the 200,000 it currently produces, which means a 150% increase.
The growth of the consortium’s current production has been financed with “free cash flow,” so any external investment will help speed up the expansion, the company said in a statement sent to the international outlet.
It also indicated that the agreement signed with the U.S. government “only accelerates the trajectory” of the growth project that NABEP has in Venezuela.
One of U.S. President Donald Trump’s key priorities is to increase Venezuela’s oil production after fuel prices surged due to the conflict with Iran.
Second-largest private oil producer company
NABEP is Venezuela’s second-largest private crude oil production company, ranking behind Chevron Corp., which last week announced projects to raise its production in the country.
“Before our agreement with the U.S. government, we were already on track to maintain that momentum,” the Venezuelan energy company highlighted.
Likewise, it said that the partnership with the U.S. government and the external investment it will bring “only accelerate the path we were already following.”
#EEUU #venezuela #caracasvenezuela #petróleo #Nabep $CL $BZ
Increasing Venezuela’s oil production has become one of U.S. President Donald Trump’s top priorities after gasoline and diesel prices surged due to the conflict with Iran.
The energy company North American Blue Energy Partners (NABEP) plans to double its oil production in Venezuela in a little more than 2 years.
As Bloomberg reported, the oil firm expects to raise its production to 500,000 barrels of oil per day (bpd) by the end of 2028, from the 200,000 it currently produces, which means a 150% increase.
The growth of the consortium’s current production has been financed with “free cash flow,” so any external investment will help speed up the expansion, the company said in a statement sent to the international outlet.
It also indicated that the agreement signed with the U.S. government “only accelerates the trajectory” of the growth project that NABEP has in Venezuela.
One of U.S. President Donald Trump’s key priorities is to increase Venezuela’s oil production after fuel prices surged due to the conflict with Iran.
Second-largest private oil producer company
NABEP is Venezuela’s second-largest private crude oil production company, ranking behind Chevron Corp., which last week announced projects to raise its production in the country.
“Before our agreement with the U.S. government, we were already on track to maintain that momentum,” the Venezuelan energy company highlighted.
Likewise, it said that the partnership with the U.S. government and the external investment it will bring “only accelerate the path we were already following.”
#EEUU #venezuela #caracasvenezuela #petróleo #Nabep $CL $BZ
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NABEP and oil: what does it mean for the dollar and P2P?## NABEP’s plan: more oil, more foreign currency?
The news has shaken the energy and financial landscape: the oil company NABEP, backed by the Trump administration, plans to move more than 50 drilling platforms to Venezuela over the coming years. According to internal documents, six rigs would arrive by the end of 2026, twelve more during the following year, and two additional ones per month starting in 2028, until reaching a total of 52. This initiative aims to boost Venezuela’s battered crude oil production, which today is around 1.2 million barrels per day—far from the 2.5 million extracted in 2014.
NABEP and oil: what does it mean for the dollar and P2P?
## NABEP’s plan: more oil, more foreign currency?
The news has shaken the energy and financial landscape: the oil company NABEP, backed by the Trump administration, plans to move more than 50 drilling platforms to Venezuela over the coming years. According to internal documents, six rigs would arrive by the end of 2026, twelve more during the following year, and two additional ones per month starting in 2028, until reaching a total of 52. This initiative aims to boost Venezuela’s battered crude oil production, which today is around 1.2 million barrels per day—far from the 2.5 million extracted in 2014.
The news has shaken the energy and financial landscape: the oil company NABEP, backed by the Trump administration, plans to move more than 50 drilling platforms to Venezuela over the coming years. According to internal documents, six rigs would arrive by the end of 2026, twelve more during the following year, and two additional ones per month starting in 2028, until reaching a total of 52. This initiative aims to boost Venezuela’s battered crude oil production, which today is around 1.2 million barrels per day—far from the 2.5 million extracted in 2014.
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Nabep and its 17 wells: what impact will it have on the dollar and Venezuelan P2P?📌 More oil, more dollars? Reading from the P2P
When petroleum in Venezuela is discussed, the P2P market and the exchange rate are always on the lookout. The news that North American Blue Energy Partners (Nabep) will operate 17 wells – 9 in Zulia and 8 in the Orinoco Oil Belt – is not only a matter of energy geopolitics. For those of us who move USDT every day, any sign of an increase in crude production turns into expectations about the arrival of more foreign currency into the country.
Nabep and its 17 wells: what impact will it have on the dollar and Venezuelan P2P?
📌 More oil, more dollars? Reading from the P2P
When petroleum in Venezuela is discussed, the P2P market and the exchange rate are always on the lookout. The news that North American Blue Energy Partners (Nabep) will operate 17 wells – 9 in Zulia and 8 in the Orinoco Oil Belt – is not only a matter of energy geopolitics. For those of us who move USDT every day, any sign of an increase in crude production turns into expectations about the arrival of more foreign currency into the country.
When petroleum in Venezuela is discussed, the P2P market and the exchange rate are always on the lookout. The news that North American Blue Energy Partners (Nabep) will operate 17 wells – 9 in Zulia and 8 in the Orinoco Oil Belt – is not only a matter of energy geopolitics. For those of us who move USDT every day, any sign of an increase in crude production turns into expectations about the arrival of more foreign currency into the country.
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