Who is Alejandro Betancourt, ex-Chavez ally now Trump’s Venezuela oil man?
Author: Priyanka ShankarPublished on: September 1, 2026Country: Venezuela
PoliticsBusiness & Economy

Controversial Venezuelan businessman Alejandro Betancourt has been tapped by the Trump administration to lead a new US-backed oil venture in Venezuela. President Donald Trump announced a deal with interim President Delcy Rodriguez, allowing the US to acquire majority control over more than 65 billion barrels of proven oil reserves. Betancourt, whose net worth is estimated at $2.6 billion, won lucrative contracts under Chavez's government but has faced accusations of corruption.
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