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“Top House Democrats are pressing the Trump administration for answers on the oil deal struck with Venezuela, homing in on the role of Venezuelan businessman Alejandro Betancourt.”

“While the Pentagon went on to strike more deals for equity in companies — including its most recent agreement with Venezuelan oil company North American Blue Energy Partners — former Pentagon officials told Semafor they were skeptical of Paoletta’s reasoning.”

“Reports that Venezuela was considering leaving OPEC emerged just before the White House announced what it called “the biggest oil deal in world history,” claiming the agreement secured US majority control over more than 65 billion barrels of Venezuela’s…”

“Oil executives are still confused about how it will work, what the US government’s role will be, and whether it will use the deal to open new doors for them — or if the operation will be run more or less exclusively by and for Venezuelan oil magnate and Trump…”

“The office, created in 2022 to issue and guarantee loans so private companies can develop critical technologies, came under scrutiny this week after the Trump administration used it to take an equity stake in Venezuela’s second-largest oil firm.”

“The Trump administration is facing questions over its increasingly direct economic involvement in Venezuela after it ousted that nation’s leader; most recently, the US government took an equity stake in a private oil company developing fields there.”

“Meanwhile, Venezuela is also considering quitting OPEC, potentially dealing a further blow to the oil cartel it helped to found just four months after the UAE left, Bloomberg reported.”