Trump's Venezuela oil deal and its implications
What we can verify, in order, from 2 sources.
The oil bought by the US on favorable terms will help refill the Strategic Petroleum Reserve and provide supply for military and other sensitive uses.
Betancourt has faced money laundering and corruption allegations but has not been charged with a crime and has denied wrongdoing.
If the White House figures are accurate, NABEP would be the second-largest oil company measured by proved reserves in the world behind Saudi Aramco.
NABEP is headquartered in Barbados.
The Pentagon's Office of Strategic Capital stated on August 28 that OSC does not take equity stakes in private companies and its role is strictly limited to providing capital assistance in the form of a loan, loan guarantee, or technical assistance.