US-Backed Firm Nabep Reactivates Venezuelan Oil Fields in Lake Maracaibo

Nabep, an energy company led by Alejandro Betancourt, has begun an agreement with the US to recover oil wells in Lake Maracaibo, aiming to reactivate 17 fields with a potential of 65 billion barrels. This marks a notable shift in US-Venezuela energy engagement after years of abandonment and sanctions. The move could signal a gradual reopening of Venezuelan oil production, with implications for global supply and regional geopolitics.

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