August 31, 2026 · White House agreement announcement
Oil agreement rights announced
The White House announces equity, purchasing and governance rights, while projected investment and Venezuelan tax revenue remain distinct from realized U.S. income.
Before the action
January announcements had described planned oil sales and U.S.-controlled revenue accounts, while identifying protected proceeds as Venezuelan sovereign property. Those arrangements did not themselves establish the later equity stake, purchase rights or governance powers described in the August agreement announcement. V2V3V4
What the U.S. did
The White House announces a 35% stake in NABEP’s parent company, rights to buy 20% of output at cost, priority purchase rights over the remaining 80%, and veto authority over board appointments. These are announced economic and governance rights under the agreement. V4
What the record establishes
The announcement reports rights secured through the agreement and presents expected benefits for energy supplies and U.S. industry. Up to $100 billion in private investment is a plan; projected $200 billion in taxes and royalties over 25 years concerns Venezuela’s government. V4
Costs, durability & open questions
A 35% stake is not majority ownership, and purchasing rights are not verified production, dividends or U.S. job gains. The fact sheet is not the full contract or audited accounts; reported absence of an equity acquisition price does not make all operations cost-free. V4
Read the official evidence 3 sources
Executive fact sheet · Capture date and proposed oil-sale and revenue-management arrangements.
Executive fact sheet · Venezuelan sovereign ownership of protected funds and stated U.S. policy objectives.
Executive agreement announcement · Equity, purchasing and governance rights; investment projections and political-transition account. Not the full signed contract or audited accounts.