On August 28, Trump announced a Venezuela oil deal covering over 65 billion barrels, with a US$100 billion investment tied to 1.5 million bbl/d from 17 fields. The White House’s August 31 fact sheet named North American Blue Energy Partners as the vehicle, with a 35% equity stake going to the Pentagon’s Office of Strategic Capital and a 20% at-cost offtake right to the State Department.

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