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France 24

World

Sébastian SEIBT

Alejandro Betancourt, the controversial Venezuelan oil tycoon Trump is banking on

Alejandro Betancourt Donald Trump Oil Venezuela United States Delcy Rodriguez Washington D.C. El Pais PDVSA Switzerland

Alejandro Betancourt, a Venezuelan businessman linked to several controversies — Venezuelan businessman Alejandro Betancourt made his fortune under the Chavista regime. © France Médias Monde graphics studio

US President Donald Trump on Friday announced "the biggest oil deal in world history" – a new deal with Venezuela for "65 billion barrels of oil". Washington is set to take a 35 percent stake in North American Blue Energy Partners, which is owned by controversial Venezuelan oil tycoon Alejandro Betancourt.

Just a couple of months ago, Alejandro Betancourt was effectively confined to his luxury London residences, facing potential extradition to Switzerland over allegations of embezzlement and money laundering.

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