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Trump’s Venezuela Oil Venture Eyes 150% Output Hike by Late 2028
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarCorporate Guidance & OutlookInfrastructure & Defense
North American Blue Energy Partners, a Trump administration-backed Venezuelan oil driller, plans to more than double crude output over slightly more than two years. The expansion could increase Venezuelan supply and is strategically significant given U.S. involvement in the country's oil sector, though no production-volume or capital-spending figures were disclosed.
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