{
  "id": 4807536,
  "title": "U.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields",
  "url": "https://urgent.news/2026/09/01/u-s-oil-deal-pushes-china-and-russia-out-of-venezuelan-fields",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T06:45:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/US-Oil-Deal-Pushes-China-and-Russia-Out-of-Venezuelan-Fields.html"
  },
  "original_language": "en",
  "account": "A U.S. oil company, North American Blue Energy Partners, controlled by a Venezuelan tycoon, will take over several Venezuelan oil fields that were previously operated by Chinese firms and Russia's Roszarubezhneft, according to Reuters. The company, backed by the U.S. government, has secured 14 oil deals with the Venezuelan government. The U.S. federal government will hold a 35% stake in the company and will have access to 20% of NABEP's production at a cost, with the right of first refusal for the remaining 80%. Alejandro Betancourt, the owner of NABEP, stated that the transaction will unleash Venezuela's potential, leading to economic growth, job creation, and broader economic activity. The fields under NABEP's control were previously managed by Sinopec, China National Petroleum Corp., China Concord Resources, and Roszarubezhneft. U.S. officials revealed that this deal will not only benefit the U.S. government but also open up the market for U.S. operators.",
  "summary": "A U.S. oil company controlled by a Venezuelan business tycoon will replace Chinese and Russian operators of several Venezuelan oil fields, Reuters has reported, citing two unnamed U.S. officials. North American Blue Energy Partners, which is backed by the U.S. government, has been granted 14 oil deals by the Venezuelan government. The U.S. government will have rights to a 35% stake in the company…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}