WashingtonThe vehicle’s name: North American Blue Energy Partners.
It moves Venezuela’s oil deal outside congressional review and public disclosure.
The Pentagon gets 35% of the company, and the State Department can buy a fifth of its output at cost.
Senator Jack Reed called the arrangement a blatant abuse of power and taxpayer dollars.
How each outlet framed it
- Aol
- details Pentagon's 35% equity stake in NABEP covering 65B barrels across 17 fields under 100-year Venezuelan concessions
Sources: Aol