North American Blue Energy Partners will assume control of Venezuelan oilfields previously operated by five Chinese companies and one Russian firm, as part of President Trump's initiative to expand U.S. access to Venezuela's oil resources, announced September 1, 2026. The White House partnered with the firm to develop the strategy.
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US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say Reuters
U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by five Chinese companies and a Russian firm.
The White House on Monday said it’s partnering with North American Blue Energy Partners as part of President Donald Trump’s push to tap into Venezuela’s oil industry, setting up a deal that will give the Pentagon a stake over roughly a fifth of the country’s vast oil reserves. Venezuela's ruling party-dominated National Assembly backed the country's oil deal with the Trump administration in a vo