--- title: "US Firm to Control Venezuelan Oilfields Previously Run by China and Russia" publication: "MediaBias News" url: "https://mediabias.news/business/us-firm-to-control-venezuelan-oilfields-previously-run-by-china-and-russia" api: "https://mediabias.news/api/v1/stories/us-firm-to-control-venezuelan-oilfields-previously-run-by-china-and-russia" markdown: "https://mediabias.news/business/us-firm-to-control-venezuelan-oilfields-previously-run-by-china-and-russia.md" audio: "https://mediabias.news/api/audio/us-firm-to-control-venezuelan-oilfields-previously-run-by-china-and-russia" category: "Business & Economy" area: "Latin America" published: "2026-09-01T13:45:57.167Z" source_reported: "2026-09-01T13:05:00.000Z" updated: "2026-09-01T13:45:57.167Z" trust_score: 58 critic_score: 55 hype_score: 35 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-09-01T14:30:32.379677+00:00" --- # US Firm to Control Venezuelan Oilfields Previously Run by China and Russia *North American Blue Energy Partners gains operational control in a 25-year deal announced by President Trump.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 58 of 100, higher is better. Two full reports corroborate the core claim; digests add no new sourcing. - Craft 55 of 100, higher is better. Quotes and figures are present but not all sides are given right of reply. - Hype 35 of 100, lower is better. Headlines overstate the certainty of the deal's impact on Chinese interests. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - A US-backed company, North American Blue Energy Partners (NABEP), will assume operational control of Venezuelan oilfields previously operated by Chinese and Russian companies. - NABEP is reported to have rights to 35% of company shares and preferential access to 20% of output at cost. - The agreement covers 14 projects, including five previously run by Chinese firms and one by a Russian company. - The deal was announced by US President Donald Trump and Venezuelan officials, with a 25-year term and a target of over 1.5 million barrels per day. North American Blue Energy Partners (NABEP), a company with US backing, is set to gain operational control over Venezuelan oilfields that were formerly managed by Chinese and Russian entities. This transition is part of a broader agreement concerning Venezuelan oil production, announced by US President Donald Trump. The pact is slated to last for 25 years and aims for a production level exceeding 1.5 million barrels per day. Under the terms of the agreement, NABEP is expected to hold rights to 35% of the company's shares and will have preferential access to 20% of the output at cost. The arrangement encompasses 14 projects. Five of these fields were previously operated by Chinese companies, including China Concord Resources, Sinopec, and CNPC. One additional field was under the management of a Russian company. ## Disagreement on deal duration Korrespondent.net reported the agreement was announced by US President Donald Trump and Venezuelan officials. South China Morning Post's digest stated the US firm secured 100-year concessions. Clarin reported that Venezuelan officials detailed the agreement would have a 25-year validity. ## What the coverage left out None of the centre or right-rated reports mention that Venezuelan opposition parties have called for transparency regarding the pact. ## Who covered it Shares of the 6 covering outlets with a published leaning rating: - Left: 17% (1) - Centre: 16% (1) - Right: 67% (4) 9 of 15 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-09-01T14:30:32.379677+00:00. **Coverage watch:** developing. Checked 4 times; 0 checks found a material change. Most recently checked 2026-09-01T14:45:24.628Z. ## How the sides framed it ### Left No separate framing summary. ### Centre - The centre-rated report led with China's demand for its interests in Venezuela to be protected following the agreement. It stated that a US-backed energy company was granted concessions covering oilfields previously operated by Chinese and Russian firms. The report quoted China's foreign ministry spokesman, Guo Jiakun, saying that China's legitimate rights and interests in Venezuela must be guaranteed. ### Right - Right-rated reports focused on the shift in control of Venezuelan oilfields from Chinese and Russian companies to a US-backed firm. Korrespondent.net reported that the US would take some assets from Russia and China, naming NABEP as the company gaining operational control. It also detailed NABEP's share rights and preferential access to output. Clarin reported China's demand for its interests to be protected and quoted Guo Jiakun. Sapo's digest cited analysts viewing the US-Venezuela oil agreement as a reversal for China, placing it in the context of strategic competition between Washington and Beijing. **Provisional coverage gap:** left. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - veryLow: 1 - mixed: 2 - high: 3 - unknown: 9 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [RPP](https://rpp.pe/mundo/actualidad/china-exige-que-se-protejan-sus-intereses-en-venezuela-tras-el-acuerdo-petrolero-con-eeuu-noticia-1704867) — China Demands that Its Interests in Venezuela Be Protected Following the Oil Agreement with the US. - [Korrespondent.net](https://korrespondent.net/world/4907997-neftianoi-peredel-v-venesuele-ssha-zaberut-chast-aktyvov-u-rf-y-kytaia) — The Oil Change in Venezuela: the US Will Take some of the Assets From the Russian Federation and China. - [ALnavío](https://alnavio.es/china-exige-que-se-protejan-sus-intereses-en-venezuela-tras-el-acuerdo-petrolero-con-eeuu) — China Demands that Its Interests in Venezuela Be Protected Following the Oil Agreement with the US - [South China Morning Post](https://scmp.com/news/china/diplomacy/article/3365995/china-demands-rights-guarantee-us-firm-secures-100-year-venezuelan-oil-deal) — China demands rights guarantee as US firm secures 100-year Venezuelan oil deal - [news-pravda.com](https://news-pravda.com/world/2026/09/01/2557094.html) — The United States’ control over part of Venezuela’s oil reserves should guarantee that China’s interests are protected, said Guo Jiakun, an official spokesperson for the Chinese Foreign Ministry - [focoinformativo.site](https://focoinformativo.site/china-exige-que-protejan-sus-intereses-en-venezuela-tras-el-acuerdo-petrolero-con-eeuu) — China Demands that They Protect Their Interests in Venezuela Following the Oil Agreement with the US - Information Focus - [gazetaweb.com](https://gazetaweb.com/noticias/mundo/acordo-permite-que-eua-compre-petroleo-da-venezuela-a-preco-de-custo-932957) — Agreement Allows US to Buy Oil From Venezuela at Cost Price - [14ymedio.com](https://14ymedio.com/internacional/china-exige-protejan-intereses-venezuela_1_1130331.html) — China Demands that Its Interests in Venezuela Be Protected Following the Oil Agreement with the United States - [1prime.ru](https://1prime.ru/20260901/mid-872875991.html) — The US-Venezuela Deal Should Not Prejudice China's Interests, Jiakun Said. - [china.org.cn](https://china.org.cn/china/Off_the_Wire/2026-09/01/content_118675036.shtml) — China's lawful rights, interests in Venezuela must be protected ... - [Metrópoles](https://metropoles.com/mundo/acordo-permite-que-eua-compre-petroleo-da-venezuela-a-preco-de-custo) — Agreement Allows US to Buy Oil From Venezuela at Cost Price - [Correio da Manhã](https://cmjornal.pt/mundo/detalhe/china-exige-protecao-dos-seus-interesses-na-venezuela-apos-acordo-petrolifero-com-os-eua) — China Demands Protection of Its Interests in Venezuela After Oil Deal with the US - [Noticias ao Minuto](https://noticiasaominuto.com/mundo/3044378/china-exige-protecao-dos-seus-interesses-na-venezuela-apos-acordo-petrolifero-com-os-eua) — China Demands Protection of Its Interests in Venezuela - [Sapo](https://jornaleconomico.sapo.pt/noticias/analistas-veem-acordo-petrolifero-eua-venezuela-como-reves-para-a-china) — Analysts See U.S.-Venezuela Oil Agreement as Reversals for China . . Economic Journal - [Clarin](https://clarin.com/estados-unidos/china-exige-que-se-protejan-sus-intereses-en-venezuela-tras-el-acuerdo-petrolero-con-eeuu_0_TDvog6JDaR.html) — China Demands that Its Interests in Venezuela Be Protected Following the Oil Agreement with the US ## Questions **Which company will gain control of Venezuelan oilfields?** A US-backed company named North American Blue Energy Partners (NABEP) will gain operational control over Venezuelan oilfields. These fields were previously operated by Chinese and Russian firms. **What are NABEP's rights under the new agreement?** NABEP is reported to have rights to 35% of company shares. Additionally, the company will have preferential access to 20% of the oil output at cost. **How long is the oil agreement expected to last?** The agreement is expected to last for 25 years, according to details provided by Venezuelan officials. However, one report suggested concessions could be for 100 years. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/us-firm-to-control-venezuelan-oilfields-previously-run-by-china-and-russia. Please cite as: MediaBias News, "US Firm to Control Venezuelan Oilfields Previously Run by China and Russia", https://mediabias.news/business/us-firm-to-control-venezuelan-oilfields-previously-run-by-china-and-russia