US-Venezuela oil pact grants 100-year NABEP fields deal amid sanctions relief

The US and Venezuela have reached an unprecedented energy agreement supporting NABEP, an oil company linked to businessman Alejandro Betancourt, to operate fields for 100 years. The deal signals a potential shift in US sanctions policy toward Venezuela, though Betancourt's murky past raises governance concerns. The long duration and political implications are notable, but details on terms and enforcement remain unclear.