US Eyes 35% Stake in Venezuelan Oil Company

GeopoliticsCommodity Impact 4
โดย Money & Banking·USVE·Read original
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Reuters reports that the US government plans to take a non-managerial 35% stake in North American Blue Energy Partners, a company owned by Venezuelan businessman Alejandro Betancourt, according to the Wall Street Journal, citing sources familiar with the negotiations. In addition to the equity stake, the US also plans to secure preferential rights to purchase 20% of the company's output at cost. The Office of Strategic Capital (OSC), under the US Department of Defense, is planning to structure the investment through penny warrants, which would give the government ownership rights without requiring a large capital outlay. This move comes one day after Donald Trump announced that the US would take control of one-fifth of Venezuela's oil reserves, which exceed 65 billion barrels. However, Pentagon spokesman Sean Parnell stated that the OSC does not take equity stakes in private companies, and its role is limited to providing financial assistance in the form of loans, loan guarantees, or technical assistance, raising questions about the actual structure of the deal.

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US government plans to take a 35% non-managerial equity stake in the company and secure preferential rights to buy 20% of its output at cost.

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