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REASONUpdate

IMF weighs a permanent Caracas office and Energy Secretary Chris Wright flew to Venezuela to sell the oil deal

Political Guyentist · September 4, 20261 min read

REASON

The IMF is weighing a permanent Caracas office, and Energy Secretary Chris Wright flew to Venezuela to promote the 17-field oil concession, which holds about a fifth of the country's reserves. Trump says elections there are not close, and businessman Alejandro Betancourt's ties to the deal draw criticism.

On Sep. 2 the Pentagon's Office of Strategic Capital took a 35% passive stake in North American Blue Energy Partners, the company holding 100-year rights to 17 Venezuelan oil fields.

What we’re less sure of3 of 7 claims