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Questions Surrounding Venezuela's Largest Oil Deal and NABEP's Challenge

Oilprice.com · ·by G4L

CVX Chevron Corp
$210.78 -0.86%
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  1. 1Venezuela's interim government granted NABEP 100-year concessions for 17 oil fields.
  2. 2NABEP's new oil infrastructure investment scale is approximately $100 billion.
  3. 3NABEP's proven reserves for the 17 oil fields are approximately 65 billion barrels.

So what's the key point?

The Venezuelan interim government has decided to give NABEP rights to use oil fields for 100 years. NABEP plans to invest approximately $100 billion in oil facilities.

Source Oilprice.com · View original ↗

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