Funding Gap Casts Shadow Over Trump's Venezuela Oil Deal

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Source: finance.yahoo.com
Funding Gap Casts Shadow Over Trump's Venezuela Oil Deal
Photo: finance.yahoo.com
TL;DR Summary

The Yahoo Finance piece reports that Trump’s plan to develop Venezuela’s oil fields hinges on roughly $100 billion in capital to build the infrastructure and ramp production. NABEP is charged with raising the funding in exchange for a 35% US equity stake and the right to buy most of the output, while the US government says it will not invest taxpayer dollars. The central unanswered question is where that funding will come from, given NABEP’s ambitious ramp‑up plans and past scrutiny of its leadership, against the backdrop of Venezuela’s vast but not total oil reserves.

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