NABEP plans to double Venezuela's daily crude oil production to 500,000 barrels by the end of 2028.

(1) North American Blue Energy Partners (NABEP), supported by the Trump administration, plans to more than double Venezuela's crude oil production within just over two years, aiming to increase daily output from the current approximately 200,000 barrels to 500,000 barrels by the end of 2028. (2) The company stated that so far, all funds for increased production have come from internal cash flow, and external investment will help accelerate growth. (3) In recent weeks, as the Trump administration signed what it calls "the largest oil deal in world history," NABEP has attracted widespread attention; according to the terms of the agreement, the company has secured a 100-year extraction concession for 17 oilfields, with proven reserves estimated at 6.5 billion barrels.