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Once Under Investigation, Venezuelan Tycoon Now at Center of Massive US Oil Deal

Summary by Hastings Tribune
A decade ago, Venezuelan tycoon Alejandro Betancourt stood in the crosshairs of a federal investigation in Miami into the theft of more than $1 billion from Venezuela’s state-owned oil company that authorities say was laundered through bank accounts and real…

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Some call it the 'virrey' of Donald Trump in Venezuela. Alejandro Betancourt has become the man of the U.S. president in the South American country, his cane to achieve the goal he has spoken about since he announced the capture of Nicolás Maduro earlier this year: to shoot U.S. access to the world's largest oil reserves.There are still many details to know about how the U.S. government's entry into Venezuelan oil will be structured.But what is …

·Madrid, Spain
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Until May this year, Venezuelan businessman Alejandro Bettencourt was legally barred from leaving the UK while he fought a Swiss extradition request over a potential money laundering investigation. Three months later, Bettencourt is a business partner of the US government in a highly unusual deal that Washington hopes will revive Venezuela’s struggling oil industry, the Financial Times reports in a major report. Together with the administration.…

He was mocked in his country as “Bolichico”, was the target of investigations as one of the most characteristic figures of corruption and today is at the center of one of the most ambitious energy agreements of the United States with Venezuela. Alessandro Betancourt: Who is the “Trump man” behind the “grab” of Venezuelan oil Alessandro Betancourt, … The article Alessandro Betancourt: Who is the “Trump man” behind the “grab” of Venezuelan oil app…

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europost.gr broke the news on Monday, August 31, 2026.
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