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Exclusive | Inside Trump’s Plan to Give the Pentagon a Stake in Venezuela’s Oil Riches

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US government to take 35% stake in Venezuelan oil venture with Alejandro Betancourt

The Trump administration has struck a deal giving the Pentagon a 35% stake in a Venezuelan oil venture led by mogul Alejandro Betancourt, marking an unusual arrangement where the U.S. government would directly collaborate in developing Venezuela's oil resources.

Aug 30, 2026·4 sourcesOil politics & energy geopoliticsUS foreign policyVenezuela politicsEnergy security & geopolitics
US government to take 35% stake in Venezuelan oil venture with Alejandro Betancourt
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Other sources for this story

Ft

Alejandro Betancourt: the man who would be Trump’s ‘viceroy’ in Venezuela

Japantimes

Trump’s Venezuela oil grab reprises industry’s neocolonial past

Reuters

US to take 35% stake in Venezuelan mogul Betancourt's oil venture, WSJ reports | Reuters

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