# Alejandro Betancourt: the controversial Venezuelan oil tycoon Trump is backing

https://mins.news/en/item/40541

- France 24, 2026-09-01 15:05 UTC
- World
- Original: https://www.france24.com/en/americas/20260901-alejandro-betancourt-the-controversial-venezuelan-oil-tycoon-trump-is-banking-on

> US President Donald Trump announced a new deal with Venezuela on Friday, calling it “the biggest oil deal in world history” and saying it involved “65 billion barrels of oil”. Washington is rumoured to be partnering with controversial Venezuelan oil tycoon Alejandro Betancourt, who built his fortune under the Chavista regime.

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