nabep

The news that the United States acquired a 35% stake in the oil company NABEP and rights to 20% of its production at cost price has not only shaken the energy sector in Washington. For those of us who live day to day in Venezuela’s P2P market, this kind of deal is also an indicator of how many dollars could enter the country, how stable the exchange rate would remain, and how best to operate with USDT.
## The cracks in the U.S. oil industry
While Donald Trump celebrates what he considers "the greatest deal ever made," several leaders in the U.S. oil sector view the move with suspicion. They fear unfair competition: that the U.S. government itself, through NABEP, could become a de facto state oil company and sweep away negotiations that private companies had already advanced in Venezuela.

## An agreement that goes beyond oil
The White House announcement about the agreement with NABEP has implications beyond energy. For those of us who closely follow the pulse of the dollar and the P2P market in Venezuela, the news raises a key question: what does it mean that oil revenues are managed and audited from the United States?
According to the official statement, any amount that NABEP assigns to PDVSA must go through an account managed by the U.S. government. In plain terms, this is a tight grip on the flow of foreign currency that has traditionally supported Venezuela's economy. And in a country where the dollar and USDT are already de facto currency, this move could reshape the board.

## NABEP’s plan: more oil, more foreign currency?
The news has shaken the energy and financial landscape: the oil company NABEP, backed by the Trump administration, plans to move more than 50 drilling platforms to Venezuela over the coming years. According to internal documents, six rigs would arrive by the end of 2026, twelve more during the following year, and two additional ones per month starting in 2028, until reaching a total of 52. This initiative aims to boost Venezuela’s battered crude oil production, which today is around 1.2 million barrels per day—far from the 2.5 million extracted in 2014.

📌 More oil, more dollars? Reading from the P2P
When petroleum in Venezuela is discussed, the P2P market and the exchange rate are always on the lookout. The news that North American Blue Energy Partners (Nabep) will operate 17 wells – 9 in Zulia and 8 in the Orinoco Oil Belt – is not only a matter of energy geopolitics. For those of us who move USDT every day, any sign of an increase in crude production turns into expectations about the arrival of more foreign currency into the country.