Trumpโs Venezuela oil deal: why China can wait and watch
When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it โthe biggest oil deal in historyโ. The White House fact sheet provided the details: NABEPโs 100-year concessions on 17 oilfields with 65 billion barrels of proven reserves, a 35 per cent Pentagon stake, a 20 per cent State Department offtake at cost with...