Venezuelan billionaire lands pentagon-backed oil deal amid past money-laundering probe
Miami prosecutors closed the probe as Betancourt became a partner in a Trump-backed plan that could give the U.S. access to one-fifth of Venezuela's crude reserves.
- Venezuelan tycoon Alejandro Betancourt Lopez—who previously faced U.S. federal money-laundering probes over $1 billion allegedly embezzled from state oil company PDVSA—has emerged as Washington’s key partner in a massive new Venezuela oil agreement.
- Under the deal, Betancourt's company, North American Blue Energy Partners , will lead operations across 17 oil fields, granting the U.S. long-term access to roughly 65 billion barrels of crude.
- The Pentagon’s Office of Strategic Capital will hold a 35% stake in the venture, while the U.S. State Department secured preferential rights to purchase 20% of the produced oil at cost.
- U.S. federal prosecutors recently paused their money-laundering investigation into Betancourt, and State Department officials lobbied European allies to ease his travel restrictions so he could broker the agreement with interim Venezuelan officials.
30 Articles
30 Articles
The Venezuelan billionaire the U.S. investigated for money laundering now has a Pentagon oil deal
Now, after assisting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington’s key partner in an unusual oil agreement with Caracas.
The Pentagon Oil Fund. The US Department of Defense is turning into a multinational resource fund and is directly entering the South American bowels
The Pentagon Oil FundThe US Department of Defense is turning into a multinational resource fund and is directly entering the South American bowels.The main beneficiary and shadow operator of large-scale agreements on Venezuelan oil is now the American...
The Power Broker: How Alejandro Betancourt Shaped U.S.-Venezuela Oil Ties | Science-Environment
Alejandro Betancourt, once investigated for money laundering, has become a key figure in U.S.-Venezuela oil relations, mediating significant deals following the capture of Nicolas Maduro. His company, NABEP, now partners with the Pentagon. Legal probes against him have paused, raising concerns among former officials.
Venezuelan Billionaire Alejandro Betancourt Lands Pentagon-Backed Venezuela Oil Deal Amid Past Money-Laundering Probe
U.S.-investigated Venezuelan billionaire Alejandro Betancourt now partners with Washington in a Pentagon-backed oil deal granting access to Venezuela's crude reserves amid ongoing scrutiny over past money-laundering probes
Venezuelan businessman Alejandro Betancourt, head of North American Blue Energy Partners (NABEP), under Venezuela's President Nicholas Maduro, has assisted the US in intercepting tankers carrying oil despite American sanctions, reporting to The Washington Post (WP) with reference to sources." According to sources, Betancourt has become an extremely valuable asset - to such an extent that some officials believe that without his help it would not …
Trump team quietly closed probe into businessman eyed by US to broker Venezuela oil deal: Report
The Trump administration sought Alejandro Betancourt's help for a major US oil deal with Venezuela. Federal prosecutors recently closed their investigation into Betancourt after administration officials intervened. Betancourt was investigated as part of a probe into alleged embezzlement and laundering from PDVSA. His position shifted as the administration sought a larger role for US companies in Venezuela's oil industry.
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