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Controversial Venezuelan executive courts investors after Trump oil deal - Financial Times
Business and Economy8/30/20261 min read
Alejandro Betancourt is US’s minority partner in company that will control more than 65bn barrels of oil reserves
✨ Key Highlights
- Alejandro Betancourt, a controversial Venezuelan executive, is seeking to attract investors following an oil deal involving former President Donald Trump.
- Betancourt serves as the United States' minority partner in a company set to control more than 65 billion barrels of oil reserves.
- The arrangement positions the venture as a major player given the scale of the oil reserves under its control.
- Betancourt's involvement has drawn scrutiny due to his contested reputation as he courts potential backers for the enterprise.
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