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7.9

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 4 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

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Source

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