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Claims And Facts About Venezuela Oil Deal - It Won’t Save The SPR
Chevron plans to raise Venezuelan output by more than 300,000 barrels a day over five years as the White House secures discounted oil from 17 fields.
- On Monday, the White House announced the U.S. government acquired a 35% stake in North American Blue Energy Partners, a new venture securing drilling rights to 17 Venezuelan oilfields at zero cost to the United States.
- Acting President Delcy Rodríguez granted the 100-year drilling rights following the January 3, 2026, U.S. capture of President Nicolás Maduro, which left Rodríguez in charge of the country.
- Chevron announced plans this week to invest $7 billion in Venezuela, aiming to increase production from about 280,000 barrels per day to 600,000 barrels daily over the next five years.
- Opposition figure Henrique Capriles denounced the deal's lack of transparency on social media, while former state oil company head Rafael Ramírez called the agreement "new colonialism."
- Every dollar earned abroad by state oil company PDVSA enters a U.S. Treasury-controlled account, with roughly $19 of each barrel flowing "directly to our country" under the new deal.
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14 Articles
U.S. solidifies stake in Venezuelan oil, what’s next?
U.S. and Venezuelan officials have signed off on a deal that will give the United States access to tens of billions of dollars’ worth of Venezuela’s oil reserves.Critics worry the deal will only benefit the U.S. while further eroding Venezuela’s autonomy.
·Beijing, China
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A private oil company reached an agreement with the Trump administration to develop 17 areas in Venezuela, an effort experts say will take years and billions of dollars
Coverage Details
Total News Sources14
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
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