{
  "id": 7903946,
  "title": "Betancourt family retains majority share in firm at heart of US-Venezuela oil deal",
  "url": "https://urgent.news/2026/09/17/betancourt-family-retains-majority-share-in-firm-at-heart-of-us",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T00:06:47.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/world/world/2026/09/1534449/betancourt-family-retains-majority-share-firm-heart-us-venezuela-oil"
  },
  "original_language": "en",
  "account": "The Betancourt family maintains the majority share in their company, North American Blue Energy Partners (NABEP), which is leading a significant US-Venezuela oil deal, according to the firm's spokesperson. The United States holds a 35% stake in NABEP as part of the controversial multibillion-dollar agreement with Venezuela's interim government. Despite the scrutiny surrounding the arrangement, NABEP's spokesperson emphasized that the company was chosen by the US government due to its recognized expertise in oil production in Venezuela, claiming they produce more than 200,000 barrels of oil per day.",
  "summary": "CARACAS: The family of Alejandro Betancourt, a contentious businessman at the centre of a massive US-Venezuela oil deal, retains the majority stake in his company NABEP, which is overseeing the agreement, the firm told AFP Wednesday.",
  "key_points": [
    "Betancourt family retains majority share in NABEP.",
    "US holds 35% stake in NABEP.",
    "NABEP produces over 200,000 barrels of oil daily."
  ],
  "editors_take": "The Betancourt family's retention of majority control in NABEP suggests they will continue to reap substantial benefits from the US-Venezuela oil deal despite heightened scrutiny and US investment in the company.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}