US Weighs Venezuela Gold, Critical Minerals Deal After Oil Pact
Following a landmark oil agreement granting US majority control of Venezuela's proven reserves, the Trump Administration is exploring similar involvement in the country's gold and critical minerals sector. Initial meetings with US firms are underway to gauge interest, signaling a broader strategic push to secure supply chains. The scope and terms of any mining deal remain uncertain, but the move could reshape US-Venezuela economic ties and global critical mineral flows.
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US-Venezuela Resource Control: Oil Concessions and Critical Minerals Expansion
The US is pursuing expanded resource control in Venezuela, evidenced by a claimed 100-year oil concession to North American Blue Energy Partners (NABEP) and exploration of critical minerals deals. The legitimacy of the oil deal is questioned by money laundering probes against NABEP's leader, Alejandro Betancourt, and the scale of US control and benefits remains largely unconfirmed. This initiative signals a strategic pivot towards securing supply chains and reshaping US-Venezuela economic ties.