Trump’s Venezuela fixer is promoting ‘America First’ oil deals
A Venezuelan mogul who minted a fortune selling power turbines and pumping oil has emerged as the Trump administration’s fixer for promoting “America First” deals for favored US companies, as Washington moves to exert more influence in the resource-rich South American country. Alejandro Betancourt, an entrepreneur with a checkered history who controls Venezuela’s leading independent oil producer, is helping the US administration identify promising energy assets, assess operational bottlenecks and make industry connections, according to people familiar with his role.
Reported by 1 outlet — Fortune. See all sources ↓
A Venezuelan mogul who minted a fortune selling power turbines and pumping oil has emerged as the Trump administration’s fixer for promoting “America First” deals for favored US companies, as Washington moves to exert more influence in the resource-rich South American country. Alejandro Betancourt, an entrepreneur with a checkered history who controls Venezuela’s leading independent oil producer, is helping the US administration identify promising energy assets, assess operational bottlenecks and make industry connections, according to people familiar with his role. Betancourt is working to facilitate a US strategy to tap smaller American wildcatters as established oil majors have largely balked at investing there. Several preliminary agreements have been reached in recent months with companies including Lionheart Capital and Pacific Coast Energy Co., known as PCEC.
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- A Venezuelan mogul who minted a fortune selling power turbines and pumping oil has emerged as the Trump administration’s fixer for promoting “America First” deals for favored US companies, as Washington moves to exert more influence in the resource-rich South American country. Alejandro Betancourt, an entrepreneur with a checkered history who controls Venezuela’s leading independent oil producer, is helping the US administration identify promising energy assets, assess operational bottlenecks and make industry connections, according to people familiar with his role.
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Trump’s Venezuela fixer is promoting ‘America First’ oil deals
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