Alejandro Betancourt, a Venezuelan tycoon who made his fortune selling power generation turbines and extracting oil, is being pointed out as one of the articulators of an agreement announced by American president Donald Trump. The agreement grants the United States majority control of more than 65 billion barrels of proven oil reserves in Venezuela.
Betancourt is a businessman with a controversial history who controls the main independent oil producer in the South American country. According to people who know his work, he is helping the American government identify promising energy assets, evaluate operational bottlenecks, and establish connections with the Venezuelan oil sector.
The agreement was announced this Friday and represents a significant move in energy policy between the two countries. The article was exclusive for subscribers, requiring registration for full access to the content.
