BUSINESS● LOWSep 16 · Sep 16, 2026, 9:50 PM
Family of controversial businessman retains majority in company operating oil agreement with USA
Clarín · south america
The oil agreement between the US and Venezuela grants Nabep, controlled by the Betancourt family, the operation of oil fields for 100 years. Nabep, based in Barbados, assigns 35% of its parent company to the US Department of Defense, which will have veto power in its administration.
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