Senate Democrats challenge Pentagon plan to take stake in Venezuelan oil producer

  • Four Senate Democrats challenged the Pentagon's proposed 35% stake in NABEP.
  • 35% would give the Pentagon a stake in Venezuela's second-largest oil producer.
  • The lawmakers sent their challenge Wednesday to top Trump administration officials.

Four ranking Senate Democrats are challenging the legality and policy wisdom of the Pentagon's plan to acquire a 35% stake in North American Blue Energy Partners (NABEP), Venezuela's second-largest oil producer. In a letter sent Wednesday to top Trump administration officials, the lawmakers said the arrangement rests on weak legal grounds and could undermine Venezuela's democratic transition. Their objections could form the basis for a congressional probe into the deal.

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