Venezuela: Oil Tycoon's Family Retains Control of Company Managing Washington Agreement
The family of controversial Venezuelan businessman Alejandro Betancourt announced it is keeping a majority stake in Nabep, the company tasked with managing an unprecedented oil deal granting the United States control of 20% of Venezuelan oil reserves.
The family of controversial Venezuelan businessman Alejandro Betancourt announced Wednesday, September 16, that it will retain a majority stake in Nabep, according to reporting by Matthieu Mabin, France 24's correspondent in Washington.
Nabep is the company chosen to manage an oil deal described as unprecedented, which provides for the United States to take control of 20% of Venezuela's oil reserves, one of the world's largest deposits.
According to information reported by France 24, this announcement comes in a context where the role of Alejandro Betancourt, a controversial figure in the Venezuelan oil sector, raises questions about his proximity to American interests in this matter.
The precise terms of the agreement between Washington and Caracas, as well as the exact role that Nabep will play in its implementation, were not immediately detailed by the parties involved.
Sources
- Vénézuela : un magnat du pétrole relaie la parole américaine — France 24 — Français
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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