Caracas, Sept 17, 2026 (AFP) - Betancourt family retains majority share in firm at heart of US-Venezuela oil deal

NAMPA / AFP

2026-09-17

The family of Alejandro Betancourt, a contentious businessman at the center of a massive US-Venezuela oil deal, retains the majority stake in his company NABEP which is overseeing the agreement, the firm told AFP Wednesday. The United States is taking a 35 percent stake in Betancourt's North American Blue Energy Partners (NABEP), under the much-criticized multibillion-dollar pact with the interim government in Caracas. This administration has bee......

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