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Friday, October 16, 2026 · UTC
Finance

US and Venezuela Agree on Century-Long Oil Deal with NABEP

US and Venezuela announced a century-long joint oil venture with NABEP, giving the Pentagon a 35% stake.

TruthFoundry News Desk
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Stands on 7 placed sources from 3 publishers.
As of 2026-09-01 23:47 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
North American Blue Energy Partners (NABEP), a Barbados-based company led by Alejandro Betancourt, has obtained an agreement extendable up to a century with the United States to jointly exploit more than 20% of Venezuelan oil reserves. [1] Leopoldo Alejandro Betancourt López, a 46-year-old Venezuelan magnate, has become a key intermediary between the Venezuelan government and the Trump administration for oil deals. [2] Mauricio Claver-Carone, an informal envoy for US Secretary of State Marco Rubio, confirmed that US officials used Betancourt as an intermediary to facilitate oil deals. [3] The US White House expects to pay $200 billion in taxes to Venezuelan authorities over the next 25 years under this concession. [4] Alejandro Betancourt, who previously amassed a fortune through Derwick Associates and obtained contracts from the Hugo Chávez administration, now controls Nabep after acquiring shares from Harry Sargeant. [5] Alejandro Betancourt and his cousin Pedro Trebbau founded Derwick Associates in 2009, which received 11 contracts worth USD 5,000 million awarded directly by the government. [6] The Trump administration's oil agreement includes direct US participation in 20% of Venezuelan crude reserves over 25 years, covering 17 oil fields. [7]
Proof7 sources · 3 publishers
What this stands on
  1. North American Blue Energy Partners (NABEP), a Barbados-based company led by Alejandro Betancourt, has obtained an agreement extendable up to a century with the United States to jointly exploit more than 20% of Venezuelan oil reserves. · Vanguardia
  2. Leopoldo Alejandro Betancourt López, a 46-year-old Venezuelan magnate, has become a key intermediary between the Venezuelan government and the Trump administration for oil deals. · Las2orillas.co: Historias, voces y noticias de Colombia
  3. Mauricio Claver-Carone, an informal envoy for US Secretary of State Marco Rubio, confirmed that US officials used Betancourt as an intermediary to facilitate oil deals. · Las2orillas.co: Historias, voces y noticias de Colombia
  4. The US White House expects to pay $200 billion in taxes to Venezuelan authorities over the next 25 years under this concession. · Vanguardia
  5. Alejandro Betancourt, who previously amassed a fortune through Derwick Associates and obtained contracts from the Hugo Chávez administration, now controls Nabep after acquiring shares from Harry Sargeant. · Efecto Cocuyo
  6. Alejandro Betancourt and his cousin Pedro Trebbau founded Derwick Associates in 2009, which received 11 contracts worth USD 5,000 million awarded directly by the government. · Las2orillas.co: Historias, voces y noticias de Colombia
  7. The Trump administration's oil agreement includes direct US participation in 20% of Venezuelan crude reserves over 25 years, covering 17 oil fields. · Las2orillas.co: Historias, voces y noticias de Colombia
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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