EnergyPartialHighDevelopingFeatured

Trump-Backed NABEP to Boost Venezuela Oil Output 150% by 2028

NABEP, a Trump-backed firm, plans to increase Venezuelan oil production by 150% by 2028 under a 100-year concession covering 17 fields with 65 billion barrels of proven reserves. The deal, touted as the largest in history, signals a major shift in US-Venezuela energy policy, though operational and political risks remain high.

Perfilabout 8 hours agoUS, VECredibility 38%View source

Score Breakdown

Mosaic Score7.9

Confidence0.5

Significance0.8

Source credibility0.4

Intelligence Tags

#oil #venezuela #trump #concession #energy-policy #nabep

Locations

Venezuela

Entities

countrycountryperson

Source

Part of a situation

developingEnergy28m ago

NABEP-Venezuela Oil Concession Claims Emerge, Trump Involvement Alleged

Multiple sources claim a 100-year oil concession has been granted to NABEP by Venezuela, targeting a 150% increase in oil production by 2028 from 17 fields with 65 billion barrels of proven reserves. Former US President Trump has publicly associated himself with this deal, claiming it secures significant oil reserves for the US. The operational feasibility, political risks, and specific terms of the alleged agreement remain largely unconfirmed.

→ stable·3 signals·VE, USScore 5.6