Alejandro Betancourt, a 46-year-old businessman, is the author, mediator, and main beneficiary of the US-Venezuela energy security agreement. ^[1] The White House announced a historic energy security agreement granting the United States privileged access for a century to a quarter of Venezuela's crude oil reserves. ^[2] The Wall Street Journal reported on a plan attributed to Donald Trump to grant the Pentagon participation in Venezuela's oil wealth. ^[3] On August 31, 2026, President Donald Trump announced an agreement granting the U.S. government and a private business 100-year rights to approximately a fifth of Venezuela's known oil reserves. ^[4] The Trump administration announced an agreement to exploit significant portions of Venezuela's oil reserves with North American Blue Energy Partners (NABEP), a company controlled by Alejandro Betancourt Lopez. ^[5] President Trump announced a plan for the U.S. to own majority control of Venezuelan oilfields, a proposal described by analysts as resembling colonial-era backroom dealmaking. ^[6] Alejandro Betancourt López, a 46-year-old Venezuelan businessman, will lead the new oil agreement as the central operator. ^[7] Donald Trump announced a 25-year oil agreement between the United States and Venezuela that grants the US 55% of production from 17 oil fields. ^[8] Venezuela's acting President Delcy Rodríguez granted North American Blue Energy Partners (NABEP) a 100-year concession to operate 17 oil fields holding 65 billion barrels of proven reserves. ^[9] A recent oil agreement was signed between the United States and Venezuela, which critics argue requires rigorous examination regarding human rights and the rule of law. ^[10] The Venezuelan Constitution requires that public interest contracts and hydrocarbon exploitation conditions be debated and approved by the legislative body. ^[11] A US official told Axios that without Betancourt, there would be no energy security agreement. ^[12]