Inside Trump’s Plan to Give the Pentagon a Stake in Venezuela’s Oil Riches
7 Articles
7 Articles
The Economic Times
Times of IndiaUS to take 35% stake in Venezuelan mogul Betancourt's oil venture: Report
The US government plans a 35% passive stake in Alejandro Betancourt's energy company. It also seeks preferential rights to purchase 20% of production at cost. This investment is structured through penny warrants for equity without significant capital outlay. The report follows President Trump's announcement about controlling Venezuelan oil reserves. The Pentagon spokesperson stated the OSC does not take equity stakes in private companies.
Inside Trump’s Plan to Take Stake in Venezuela’s Oil Riches
“President Trump spent months declaring his ouster of Venezuela’s leader had secured the country’s oil for America. When U.S. energy companies resisted investing at the speed and scale he wanted, his administration devised an extraordinary solution to turn his vision into reality: make the U.S. government itself an investor,” the Wall Street Journal reports. “The […]
According to the Wall Street Journal, US President Donald Trump concluded an "oil deal," with Venezuela's interim president a few days ago through a telephone call, and gave the Department of Defense considerable influence in the conduct of Venezuela's oil...
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