First NABEP Crude Cargo Under U.S. Agreement Arrives in Texas

North American Blue Energy Partners (NABEP) announced that two tankers carrying one million barrels of Venezuelan crude have arrived in Corpus Christi, Texas. According to the company, this initial shipment was delivered at no cost to U.S. taxpayers as part of an agreement between NABEP and the U.S. government.

Shipment and Agreement Details

• Cargo Volume: One million barrels of Venezuelan crude.
• Arrival Location: Corpus Christi, Texas.
• U.S. Agreement: Includes a right for the U.S. government to purchase 20% of NABEP's production at cost, alongside a 35% equity stake in NABEP's parent company.
• Leadership Visit: President Donald J. Trump and Secretary of State Marco Rubio visited the Port of Corpus Christi to view one of the arriving tankers.

Production and Operations

NABEP reported that its total hydrocarbon production reached 223,509 barrels of oil equivalent per day as of October 19, 2026. The company states it employs more than 5,000 people directly and supports over 10,000 contractor jobs in Venezuela.

• Reserves: Holds rights to commercialize over 65 billion barrels of proven reserves in Venezuela.
• Growth: Production has grown from about 18,000 barrels per day to over 200,000 barrels per day over the past two years.
• Near-Term Target: Aiming for production exceeding 1 million barrels of oil per day.

Verification and Next Steps

Readers can verify this announcement by checking official press releases from North American Blue Energy Partners or reviewing disclosures through their official website at www.nabep.net. Claims regarding government agreements and production figures are based on company statements provided via PR Newswire.