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Pentagon’s Venezuelan Oil Partner Nabep Adds Rig, Boosts Output
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarEmerging MarketsCompany Fundamentals
North American Blue Energy Partners is deploying its sixth drilling rig in Venezuela as it ramps up oil production, according to a person familiar with its operations. The company is partnering with the U.S. government to develop Venezuelan oil fields; no production volumes or financial details were disclosed.
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