Venezuelan billionaire Alejandro Betancourt has become one of the key partners of US President Donald Trump's administration in Venezuela's oil sector, Washington Post reports.
According to the publication, the businessman is building a major oil business with the support of the White House and has already acquired rights to oil fields with total reserves of 63.7 billion barrels.
According to the report, under the agreement, the US side will hold a 35% stake in Betancourt's company, North American Blue Energy Partners.
In addition, the US will be able to purchase 20% of the oil produced by the company at a discounted price of $30 per barrel.
The Washington Post notes that this price is less than one-third of the current market value of oil.
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