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Pentagon Is in Talks With Venezuelan Mogul for Massive Oil Deal

Bloomberg
Bloomberg
by Ben Bartenstein, Fabiola Zerpa and Patricia Garip
Aug 29, 2026 · 1:26 AM
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Pentagon Is in Talks With Venezuelan Mogul for Massive Oil Deal
The US government is pursuing a major stake in Venezuelan oil reserves via a potential partnership between the Department of Defense and Alejandro Betancourt, a controversial energy investor who has become a key middleman between the two countries.
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