Alejandro Betancourt López

Betancourt.

Alejandro Betancourt.

Yeah, yeah.

So seems like money's probably being laundered.

Hugo Chavez was elected.

The guy was the one benefiting from all that production coming in and then from skyrocketing oil prices.

That allowed him to basically destroy the oil sector without almost nobody noticing in the sense that the production was going up in the private sector, so nobody looked at the collapse in the state-owned enterprise, and the prices were so high that even production was declining, the revenues were going up, and so that led to eventually a full collapse At the very end, US sanctions played a relevant role, but most of it was self-inflicted, as I mentioned, because the national company was decimated and the private sector basically left.

So there's a lot for us to unpack there.

So that's good for him, good for the U.S. if it's the shareholder of 35%.

By the way,

that company used to be owned by this guy, Alejandro Betancourt, with the Harry Sargent, but the US government took Harry Sargent out and they even sanctioned the company that he was operating with, which was a very surprising development.

Besides these three fields, they obtained a couple of fields that were from a Chinese company that was already sanctioned by the US, a small company that was trading Iranian oil called China Concord.

Many of the ones that are known paint a picture of a complicated, historically unprecedented arrangement that may inadvertently have added more risk to Venezuelan oil production.

The deal gives the US government a thirty-five percent equity stake in North American Blue Energy Partners, a relatively new oil exploration and production company headquartered in Barbados and controlled by controversial Venezuelan businessman Alejandro Betancourt López.

The US government also receives the right to purchase twenty percent of its production at cost, plus a right of first refusal on the remainder.

These terms are extraordinary for any sovereign nation to accept.

It's who is signing the deal.

First, is being signed with delce rodriguez that as i explained she is not popular at all in venezuela so basically trump is dragging down that popularity on delce rodriguez and basically carrying himself both trump and rubio one thing also the deal is being signed with the private operator, Naveb, owned by this particular gentleman, Alejandro Betancourt, that, yet again, is very, I mean, he's not that well-known in Venezuela, but the people who do know him, I'm talking on the population, he's very unpopular.

Yet again, it's who is making the deal rather than the deal itself.

And, of course, there's a lot of ignorance on the oil industry and how it works, And also a lot of people that don't know the industry, they are complaining because they don't know nothing about the industry.

It's who is signing the deal.

First, is being signed with delce rodriguez that as i explained she is not popular at all in venezuela so basically trump is dragging down that popularity on delce rodriguez and basically carrying himself both trump and rubio one thing also the deal is being signed with the private operator, Naveb, owned by this particular gentleman, Alejandro Betancourt, that yet again is very, I mean, he's not that well-known in Venezuela, but the people who do know him, I'm talking on the population, he's very unpopular.

Yet again, who is making the deal rather than the deal itself? And of course, there's a lot of ignorance on the oil industry and how it works, And also a lot of people that don't know the industry, they are complaining because they don't know nothing about the industry.

Putting aside that, the deal is very unpopular.

[laughs] What a charmer this guy.

[laughs] Um, the, the, for those who don't know, there's a fellow called Al- Alejandro Betancourt.

The deal is gonna grant, uh, NABEP the rights to develop 17 oil fields.

14 of them are new fields.

That's what Venezuela gets.

Okay, now to your question before.

Who is this Alejandro Betancourt fellow? Alejandro Betancourt, he was a Venezuelan...

So do you have anything, anything to add to anything I'm saying so far?