business
White House working with North American Blue Energy Partners on Venezuela oil deal
Summary by The San Antonio Editorial Desk Collin Binkley, Associated Press , as published by KSAT 12 (ABC affiliate)
· September 1, 2026
· 1 min read
Photo: KSAT 12 (ABC affiliate) · view original
Story provenance No corrections
Summary created by The San Antonio Editorial Desk — automated, rule-governed Byline on source page Collin Binkley, Associated Press, as published by KSAT 12 (ABC affiliate) Original story Read at the source Source published Sep 1, 2026 Indexed here Sep 1, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The Pentagon will own 35% of the company, while the State Department will be guaranteed 20% of the output at cost. A new company is being formed through a partnership between the US and North American Blue Energy Partners.
A new company is being formed through a partnership between the US and North American Blue Energy Partners. This company will have a significant stake in Venezuela's oil reserves. The Pentagon will own 35% of the company, while the State Department will be guaranteed 20% of the output at cost.
The partnership is part of an effort to increase energy production. Further details about the plan are available.
North American Blue Energy Partners has existing operations and is owned by Alejandro Betancourt, who has agreed to a major investment.
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KSAT 12 (ABC affiliate) reported and published this story. The San Antonio selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by KSAT 12 (ABC affiliate) . The San Antonio selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: business Published: September 1, 2026 Source: KSAT 12 (ABC affiliate) Reading time: 1 min
Frequently asked about this story
What is this story about? A new company is being formed through a partnership between the US and North American Blue Energy Partners. This company will have a significant stake in Venezuela's oil reserves. The Pentagon will…
When was this published? This article was first published on September 1, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Collin Binkley, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
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