# Pentagon Takes Stake in Venezuelan Oil Giant | Business and Finance News

Page: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/pentagon-takes-stake-in-venezuelan-oil-giant-business-and-finance-news
Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/pentagon-takes-stake-in-venezuelan-oil-giant-business-and-finance-news.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-09-05T15:14:56+00:00
Episode link: https://sources.thednn.ai/dcb8a14757d14256
Audio file: https://api.fastcast.ai/audio/a813648a-aca9-4dcb-b1d1-a6fd4ffc4763.mp3
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Duration seconds: 131

## Resource

The Pentagon just quietly became a major shareholder in a private oil company controlling Venezuela’s vast oil reserves—enough to rival ExxonMobil. Through a Barbados-based firm, NABEP, the U.S. government now holds a 35% stake, with veto power over board appointments and priority access to oil, effectively turning it into a de facto state-owned enterprise. The goal? Secure America’s energy future and military supply chains, especially as private firms shy away from Venezuela’s risky landscape. But questions loom: Is this legal? What about the CEO’s murky past? And could this move reshape global energy politics—or backfire spectacularly? Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/dcb8a14757d14256

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