MercoPress. South Atlantic News Agency

The Venezuelan oil concession goes to Alejandro Betancourt's firm, under investigation in Europe

The White House on Monday identified the company that will operate seventeen Venezuelan oil fields for a century in partnership with the US government: North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt, who is under investigation in Switzerland and Spain over his alleged involvement in a scheme to launder funds from the state oil company PDVSA. There is no conviction against him. Read full article