US to take 35% stake in Venezuelan mogul Betancourt's oil venture: Report
- Posted on August 30, 2026
- By Business News Today
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- 1 min read
In brief
The United States government is reportedly pursuing a minority stake in Venezuelan energy magnate Alejandro Betancourt's oil operations, securing 35% passive ownership through warrant-based equity arrangements. This strategic move includes securing preferential purchasing rights for 20% of production output at production costs. The initiative emerges following President Trump's recent statements regarding American control over Venezuelan petroleum resources, though Pentagon officials have publicly denied the OSC engages in private sector equity investments.
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US to take 35% stake in Venezuelan mogul Betancourt's oil venture: Report
The US government plans a 35% passive stake in Alejandro Betancourt's energy company. It also seeks preferential rights to purchase 20% of production at cost. This investment is structured through penny warrants for equity without significant capital outlay. The report follows President Trump's announcement about controlling Venezuelan oil reserves. The Pentagon spokesperson stated the OSC does not take equity stakes in private companies.
