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NPR

Days after Trump announces Venezuela oil deal, White House fills in some of the details

Tuesday, September 1, 2026


President Trump announced a Venezuela oil deal, and the White House subsequently provided additional details. The arrangement involves creating a private company as a joint venture with North American Blue Energy Partners, which is owned by Venezuelan businessman Alejandro Betancourt. The specific terms, timeline, and regulatory approvals required for the venture were not detailed in the announcement.

Original reporting: https://www.npr.org/2026/09/01/g-s1-141351/us-venezuelan-oil-deal

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