PoliticsVenezuelan billionaire once investigated by US now has Pentagon oil deal

Alejandro Betancourt, the billionaire who helped broker the Trump administration’s sweeping long-term oil agreement with Venezuela, was until recently the subject of US money-laundering investigations involving funds embezzled from state oil company PDVSA. After assisting US authorities before the capture of authoritarian leader Nicolas Maduro, he has become Washington’s key partner in an unusual oil deal with Caracas.

VenezuelaUnited Statesoil dealmoney laundering

RReuters★★★★☆2026-09-05 10:15Original