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According to reports, the US Pentagon has secured the right to prioritize the purchase of crude oil produced by Venezuela's 17 oil fields, and can purchase 20% of production at the cost price of extraction rather than the market price according to the new agreement. The report said, “The Pentagon has the right to separately prioritize the purchase of oil produced by NABEP. Of this, 20% of production can be purchased at a price that reflects the company's mining costs rather than at market prices, and the rest can be purchased at market prices.” The report also said that in addition to cheap oil, the Pentagon also acquired 35% of the shares in this joint venture. The report pointed out that the deal was achieved through a special right to buy shares at a symbolic price to protect US shares from being diluted when the project attracted billions of dollars of external investment, and to enable Washington to receive dividends from the beginning.

Zhitongcaijing·09/05/2026 02:25:03
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According to reports, the US Pentagon has secured the right to prioritize the purchase of crude oil produced by Venezuela's 17 oil fields, and can purchase 20% of production at the cost price of extraction rather than the market price according to the new agreement. The report said, “The Pentagon has the right to separately prioritize the purchase of oil produced by NABEP. Of this, 20% of production can be purchased at a price that reflects the company's mining costs rather than at market prices, and the rest can be purchased at market prices.” The report also said that in addition to cheap oil, the Pentagon also acquired 35% of the shares in this joint venture. The report pointed out that the deal was achieved through a special right to buy shares at a symbolic price to protect US shares from being diluted when the project attracted billions of dollars of external investment, and to enable Washington to receive dividends from the beginning.