The Trump administration's agreement to develop Venezuela's vast oil resources is very special. The US government will cooperate with an influential and highly controversial Venezuelan businessman. According to four people familiar with the agreement, according to the agreement announced by President Trump on Friday evening, the US will cooperate with Alejandro Betancourt Lopez. His family controls the North American Blue Energy Partnership, the second-largest private oil company in Venezuela. Three people familiar with the matter said that the federal government is expected to support the development of a significant portion of Venezuela's proven oil reserves through the US Department of Defense's strategic capital office, while Betancourt's company will dominate actual operations. The agreement covers a total of 17 oil fields in Venezuela. Venezuelan President Delci Rodriguez expressed support for the agreement and issued a statement last Friday evening saying that the agreement will “have a significant impact on the country's recovery” and could bring the government more than 200 billion US dollars in tax revenue.

The Trump administration's agreement to develop Venezuela's vast oil resources is very special. The US government will cooperate with an influential and highly controversial Venezuelan businessman. According to four people familiar with the agreement, according to the agreement announced by President Trump on Friday evening, the US will cooperate with Alejandro Betancourt Lopez. His family controls the North American Blue Energy Partnership, the second-largest private oil company in Venezuela. Three people familiar with the matter said that the federal government is expected to support the development of a significant portion of Venezuela's proven oil reserves through the US Department of Defense's strategic capital office, while Betancourt's company will dominate actual operations. The agreement covers a total of 17 oil fields in Venezuela. Venezuelan President Delci Rodriguez expressed support for the agreement and issued a statement last Friday evening saying that the agreement will “have a significant impact on the country's recovery” and could bring the government more than 200 billion US dollars in tax revenue.