Pentagon Signs Deal with North American Blue Energy Partners to Operate Venezuelan Oil Fields

North American Blue Energy Partners (NABEP), led by Alejandro Betancourt López, has secured an exclusive contract with the US Department of Defense to operate 17 Venezuelan oil fields. The deal grants NABEP rights to produce oil from fields holding approximately 65 billion barrels of proven reserves, roughly 20% of Venezuela's total.

The Pentagon's Office of Strategic Capital receives a 35% equity stake in NABEP through penny warrants, which protect against dilution and allow dividends to flow. The State Department can access the remaining 80% of production output.

NABEP has committed to investing up to $100 billion in new Venezuelan oil infrastructure, with projected tax and royalty payments exceeding $209 billion over the first 25 years of the agreement.