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US to take 35% stake in Venezuelan mogul Betancourt's oil venture: Report
The US government plans a 35% passive stake in Alejandro Betancourt's energy company. It also seeks preferential rights to purchase 20% of production at cost. This investment is structured through penny warrants for equity without significant capital outlay. The report follows President Trump's announcement about controlling Venezuelan oil reserves. The Pentagon spokesperson stated the OSC does not take equity stakes in private companies.
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hindustantimes.com
US in talks with Venezuela to acquire stake in country's oil fields as strategic reserves fall to 40-year-low: Report
US and Venezuela are reportedly nearing a deal for Washington to acquire stakes in over a dozen Venezuelan oil fields, potentially boosting US oil reserves.
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oilprice.com
U.S. In Talks To Take Direct Ownership Of Venezuelan Oil Fields | OilPrice.com
Trump is reportedly seeking direct U.S. stakes in Venezuelan oilfields holding 90 billion barrels, potentially taking his “Energy Dominance” strategy to a new level.
