The US announced an oil deal with Venezuela, with Francisco Rodríguez analyzing the terms of the concession.
3 reports, 2 independent
Updated Sep 23
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What happened
The US announced an oil deal with Venezuela, with Francisco Rodríguez analyzing the terms of the concession.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Betancourt signs oil deal in Venezuela with US backing, leading to oil diversification.1 source
US announces oil deal with Venezuela; Rodríguez analyzes concession terms.1 source
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Part of
NABEP, controlled by Alejandro Betancourt, is involved in a potential oil deal in Venezuela that includes ExxonMobil, ConocoPhillips, and a U.S. government equity stake.Also in this story
- Rystad Energy evaluates the viability of ambitious oil production growth, leading NABEP to seek major oil investments in the Venezuelan sector.
- ExxonMobil and ConocoPhillips are evaluating potential investments in Venezuela, while Donald Trump struggles to convince companies to invest in the deal.
The entities involved
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Venezuela
Country in Latin America
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Alejandro Betancourt
Venezuelan businessman
Nothing else this week.
Related events
- A proposed deal, announced on January 5, 2026, targets Venezuelan oil reserves involving Alejandro Betancourt and Donald Trump.
- Trump announced a deal on Venezuelan oil reserves, confirmed by Delcy Rodriguez, involving major refiners like Chevron and ExxonMobil.
- Sean Parnell commented on the situation after U.S. plans to take control of oil reserves were announced, involving Betancourt's company in Venezuela.
- Rodríguez's role in Venezuelan oil agreements is questioned as the US seeks a larger role while Salazar criticizes the strategy.
- Alejandro Betancourt operates in Venezuela under Nicolás Maduro's regime while simultaneously acting as a fixer for the Trump administration.