The Trump administration unveiled additional details Monday evening about its new oil deal with Venezuela. The administration said in a press release that the Pentagon’s Office of Strategic Capital will take a 35 percent equity stake in North American Blue Energy Partners,

The discussions eventually produced a deal announced by Trump that gives the U.S. government a 35 percent stake in a new oil venture involving Betancourt’s North American Blue Energy Partners, or NABEP.

Regardless of criticism or credit, the oil agreement with Venezuela marks an unprecedented geopolitical victory for the United States.

By Steve Holland and Jarrett Renshaw WASHINGTON, Aug 31 (Reuters) - U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by several Chinese companies and a Russian firm,

The US government plans to acquire a 35% passive stake in North American Blue Energy Partners and secure preferential rights to buy part of its production, according to the WSJ.