#United States #Corpus Christi #Energy Industry #NABEP #Venezuelan Oil

Historic Delivery of Venezuelan Crude Oil to Texas

On October 28, 2026, the North American Blue Energy Partners (NABEP) made headlines by delivering its first shipment of Venezuelan crude oil to Corpus Christi, Texas. This landmark event, consisting of two tankers carrying a total of 1 million barrels, symbolizes a historical agreement between NABEP and the United States government.

Context of the Delivery

The oil shipment marks the beginning of a substantial agreement which allows the U.S. government to secure 20% of NABEP's production at cost price, alongside a 35% ownership stake in NABEP's parent company. Highlighting the significance of the first shipment, NABEP executed the delivery without any cost incurred by American taxpayers. This reflects a collaborative effort to rejuvenate energy relations between the U.S. and Venezuela following years of strained interactions.

Remarks from Key Figures

Prominent figures, including former President Donald J. Trump and Secretary of State Marco Rubio, visited the port to observe the arrival of one of the tankers. "This shipment arrived in Texas in just over a week, whereas shipments from the Middle East can take over a month to arrive," stated Alejandro Betancourt, NABEP's CEO. He further emphasized that this initial delivery marks the start of what could lead to thousands more, showcasing Venezuela's renewed status as a reliable energy supplier to the U.S.

Economic Impact and Future Goals

Each tanker that sails north reintroduces jobs and investment back to Venezuela. Currently, NABEP employs more than 5,000 individuals directly and supports over 10,000 subcontractor jobs throughout the nation. The company holds marketing rights for over 65 billion barrels of proven reserves in Venezuela, and it aims to escalate its production capacity to over 1 million barrels per day in the near future.

In the last two years, NABEP has managed to increase its production from roughly 18,000 barrels per day to beyond 200,000, thanks to an investment of around $1 billion sourced from its own funds. The firm continues to reinvest hundreds of millions of dollars monthly to support ongoing production efforts.

As of October 19, 2026, NABEP reported a total hydrocarbon production of 223,509 barrels equivalent per day across all its fields. This robust growth trajectory underscores the company's commitment to responsible resource extraction while fostering local economic development.

About NABEP

North American Blue Energy Partners (NABEP) is an independent oil and gas exploration and production company operating in North America and Latin America, with offices located in Caracas, Maracaibo, and Lechería. NABEP prides itself on a commitment to responsible energy resource management, the safety of its personnel, and the prosperity of the communities it serves. The future looks bright for NABEP as it navigates this unprecedented opportunity and strives to meet the evolving demands of the energy market.

For more information, visit www.nabep.net.