Venezuela oil deal fact sheet

Whether Venezuela wants it or not!!

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how does this compare to the "deal" Venezuela was working with China and Russia on......

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It's actually quite fricking significant after reading on it.

North American Blue Energy Partners (NABEP)—a private U.S.-backed firm controlled by businessman Alejandro Betancourt—takes over operating control of 17 major projects. vs. Fields were heavily managed by foreign state-owned conglomerates (such as Russia's Rosneft or Chinese state firms like China Concord Resources) under joint ventures with Venezuela's PDVSA.

The U.S. government holds a 35% equity stake in NABEP, has veto power over the board, and mandates that a majority of directors be American citizens. vs. Moscow and Beijing maintained bilateral government diplomatic ties but exercised control primarily through state companies rather than direct corporate equity stakes backed by Western laws.

The U.S. secures preferential access to 20% of production at cost, plus the "right of first refusal" to buy the remaining 80%. vs. Oil was primarily shipped to China and Russia as loan-for-oil repayments to service billions in sovereign debt, often sold at steep discounts under the shadow of U.S. sanctions.

Out of NABEP's 17 projects, 14 are newly granted contracts, explicitly seizing and transferring fields formerly operated by 5 Chinese companies and 1 Russian firm. vs. China and Russia historically stepped into these fields to fill the vacuum left by departing Western majors following nationalizations under Hugo Chávez and Nicolás Maduro.

This is a great deal for America. You'd think there would be more celebration from conservatives.

They must be feverishly searching the internet for the proper words to display their appreciation. I'm sure that's the reason many have avoided these threads so far.

On top of the economics, they now know that no one can frick them.