North American Blue Energy Partners is a company that has received support from the Trump administration to extract oil in Venezuela. It plans to more than double crude oil production in more than two years. NABEP aims to increase crude oil production from about 200,000 barrels per day to 500,000 barrels by the end of 2028. The company said in an email to Bloomberg News that up to now, the capital to increase production has come from the company's internal cash flow, and external investment will help accelerate growth. In recent weeks, NABEP has received widespread attention as the Trump administration signed what it calls “the largest oil deal in world history.” Under the terms of the agreement, NABEP was granted 100-year mining concessions for 17 oil fields with proven reserves estimated at 65 billion barrels.

North American Blue Energy Partners is a company that has received support from the Trump administration to extract oil in Venezuela. It plans to more than double crude oil production in more than two years. NABEP aims to increase crude oil production from about 200,000 barrels per day to 500,000 barrels by the end of 2028. The company said in an email to Bloomberg News that up to now, the capital to increase production has come from the company's internal cash flow, and external investment will help accelerate growth. In recent weeks, NABEP has received widespread attention as the Trump administration signed what it calls “the largest oil deal in world history.” Under the terms of the agreement, NABEP was granted 100-year mining concessions for 17 oil fields with proven reserves estimated at 65 billion barrels.