According to The Wall Street Journal, the Pentagon's Office of Strategic Capital will take a passive 35% stake in NABEP and obtain preferential rights to buy 20% of its production at cost price. ^[1] Alejandro Betancourt López, a 46-year-old Venezuelan businessman, is identified as the key intermediary connecting the Trump administration with the interim government of Delcy Rodríguez regarding a controversial oil agreement. ^[2] France 24 reported that the Spanish National Court reopened a case in June for money laundering and tax crimes, accusing Betancourt and his partners of bribing three PDVSA officials with USD 42 million to defraud USD 4.85 billion in currency exchange operations. ^[3] The Wall Street Journal reported that the deal grants Betancourt's company access to 17 oil fields with estimated reserves of more than 65 billion barrels, representing one-fifth of Venezuela's total reserves. ^[4] The administration of US President Donald Trump and Secretary of State Marco Rubio have supported the inclusion of Venezuelan businessman Alejandro Betancourt López in a new oil exploitation scheme in Venezuela. ^[5] Axios reported on September 1, 2026, that a historic oil agreement between the United States and Venezuela, driven by President Donald Trump, centers on Alejandro Betancourt, a 46-year-old Caracas-based businessman. ^[6] Alejandro Betancourt López, 46, controls North American Blue Energy Partners (NABEP), which is the second-largest private oil company in Venezuela and is owned directly by the Betancourt family. ^[7] Spanish courts maintain an active criminal investigation against Betancourt for alleged money laundering and tax crimes, with charges including transferring 42 million dollars in bribes to three former PDVSA executives. ^[8] The Trump administration plans to acquire a passive 35% stake in NABEP and the preferential right to purchase 20% of its oil production at cost price. ^[9] A US official told Axios that without Betancourt, there is no energy security agreement and that Nicolás Maduro could remain in power if not for Betancourt's involvement. ^[10] Betancourt's company, North American Blue Energy Partners, gains access to 17 oil fields with the implicit backing of the US Army. ^[11] Under the terms, the United States receives a 35% participation and 20% of the oil after production taxes, estimated at around $30 per barrel, without investing capital. ^[12]