Skip to content

tagblick

Friday, 23 October 2026

Search

Politics

Alejandro Betancourt, linked to chavismo, now Trump's partner in oil

The Venezuelan businessman, accused of money laundering in Spain, will control oil areas following an agreement with Trump.

Alejandro Betancourt, linked to chavismo, now Trump's partner in oil
Photo: Alejandro Betancourt web · Wikimedia Commons · CC BY-SA 3.0

Alejandro Betancourt, a Venezuelan businessman whose roots are deeply connected to chavismo, has been identified as a central figure in a new oil agreement between Venezuela and the United States. Betancourt is the leader of North American Blue Energy Partners (NABEP), a company that has obtained the concession to drill in 17 oil fields in Venezuela, with an estimated 65 billion barrels of crude in those territories.

Betancourt, who has significantly enriched himself since chavismo's rise, is facing investigations in Spain for money laundering and tax fraud. His recent alliance with the Trump administration has generated substantial interest in both business and political spheres, given the current geopolitical context.

Known for his opaque business dealings, Betancourt has been at the center of intrigues and secret negotiations, according to reports. The oil deal he is part of is considered to be worth millions, raising expectations about its impact on the energy sector in both nations.

Archive photo: Alejandro Betancourt, linked to chavismo, now Trump's partner in oil
Archive photoPhoto: Eneas · Flickr · BY

Experts like Andrés Cañizález have expressed reservations about Betancourt as a partner, suggesting that his inclusion in the deal raises questions about his suitability as an ally in such a large-scale business. These analyses come in a context where Nicolás Maduro's regime is seeking alternatives to improve its economy.

This shift in the dynamics of Venezuelan oil control has been noted by various media, highlighting the controversial profile of the businessman and his capacity to influence the energy market.