Nov 1
The Barbados Shell The first Venezuelan crude landed in Texas.
ProPublica has the contract. A Barbados parent, hidden owners,
one named director under investigation abroad and a gag on the
deal itself. On October 27 the first Venezuelan crude under the
US deal, a cargo the president described as o...Read more
The Barbados Shell The first Venezuelan crude landed in Texas.
ProPublica has the contract. A Barbados parent, hidden owners,
one named director under investigation abroad and a gag on the
deal itself. On October 27 the first Venezuelan crude under the
US deal, a cargo the president described as one million barrels,
reached Corpus Christi, where President Trump and Secretary of
State Marco Rubio held a rally. The US government will sell the
oil to refineries run by Exxon Mobil and Citgo, the
seller's release says. The seller is North American Blue
Energy Partners, run by Venezuelan billionaire Alejandro
Betancourt. ProPublica's Cate Brown, Aaron C. Davis and
Sebastian Rotella obtained the 18 page agreement, signed by
Rubio and Defense Secretary Pete Hegseth. The US takes a 35%
stake, paying nothing up front, in a parent company registered
in Barbados, where almost nothing in corporate law can force the
owners' identities into public view. Betancourt is the only
board member named, removing him takes five of seven votes and
the board serves an initial term of 15 years. A confidentiality
clause bars the company from disclosing the agreement's
existence and terms. Disputes go to federal court in the
Northern District of Texas, and Venezuela cannot challenge the
deal in its own courts. The 100 year license the administration
touts appears nowhere in the agreement, and Venezuelan law caps
concessions at 25 years. Betancourt has faced money laundering
investigations in three countries and has been charged in none.
A 2018 federal complaint in Miami named him as an uncharged
co-conspirator in a $1.2 billion scheme, the Washington Post
reported, and Rudy Giuliani lobbied the Justice Department for
him in 2019 a month after staying at his Spanish estate. After
Maduro's capture, the State Department and the Justice
Department contacted Swiss authorities and signaled he should be
allowed to travel. On May 28, Ballard Partners registered to
lobby for Concord Partners LLC on the handling of Venezuelan
business interests, Senate records show, billing $410,000 across
two quarters for contacts at the White House, State, Treasury
and Energy. Concord appears to be the same Florida company that
guaranteed Alina Habba more than $50 million. Read the October
30 edition of American Princelings at dekleptocracy.substack.com
Featured link
https://dekleptocracy.substack.com/p/american-princelings-705
ProPublica via Raw Story, The secret terms of Trump's
Venezuelan oil deal, Oct 21 2026
https://www.rawstory.com/trump-venezuela-2678118814/ Senate
Lobbying Disclosure, Ballard Partners for Concord Partners LLC
https://lda.gov/api/v1/filings/?client_name=concord+partners®istrant_name=ballard
Sources Cate Brown, Aaron C. Davis and Sebastian Rotella,
ProPublica via Raw Story, The secret terms of Trump's
Venezuelan oil deal, October 21 2026
https://www.rawstory.com/trump-venezuela-2678118814/ La Voce di
New York, The secret text of Trump's biggest oil deal in
history with Venezuela, October 22 2026
https://lavocedinewyork.com/en/news/2026/10/22/the-secret-text-of-trumps-biggest-oil-deal-in-history-with-venezuela/
EFE via El Diario, Texas recibió el primer cargamento de
petróleo venezolano del acuerdo entre EE UU y Nabep, October 27
2026
https://eldiario.com/2026/10/27/petroleo-venezolano-texas-2/
Axios, The secret history of Trump's Venezuelan oil baron,
September 1 2026
https://www.axios.com/2026/09/01/trump-venezuela-oil-baron
Isabella Cota, ICIJ, White House pick to run Venezuela oil deal
under investigation in two countries, September 3 2026
https://www.icij.org/investigations/fincen-files/white-house-pick-to-run-venezuela-oil-deal-under-investigation-in-two-countries/
Michael Peuker, RTS via SWI swissinfo.ch, Did the United States
put pressure on the Swiss judiciary on behalf of a powerful
Venezuelan businessman, September 2 2026
https://www.swissinfo.ch/eng/best-of-srg-content/did-the-united-states-put-pressure-on-the-swiss-judiciary-on-behalf-of-a-powerful-venezuelan-businessman/91984659
The Daily Beast on the Washington Post, Giuliani lobbied Justice
Department on behalf of wealthy Venezuelan who hosted him at
Spanish estate, November 26 2019
https://www.thedailybeast.com/giuliani-lobbied-justice-department-on-behalf-of-wealthy-venezuelan-who-hosted-him-at-spanish-estate-report
Senate Office of Public Records, Lobbying Disclosure Act
filings, Ballard Partners for Concord Partners LLC, registration
effective May 28 2026, Q2 and Q3 2026 reports
https://lda.gov/api/v1/filings/?client_name=concord+partners®istrant_name=ballard
Tyler Pager, New York Times via GV Wire, A billionaire wanted a
Trump pardon. His family gave Alina Habba a $50 million deal,
October 21 2026
https://gvwire.com/2026/10/21/a-billionaire-wanted-a-trump-pardon-his-family-gave-alina-habba-a-50-million-deal/
Nick Schwellenbach, Project On Government Oversight, K Street
cashes in on US control of Venezuelan oil, 2026
https://www.pogo.org/investigates/k-street-cashes-in-on-u-s-control-of-venezuelan-oil
Bloomberg Government, Top DC lobbying firm Ballard Partners to
open Venezuela office, July 29 2026
https://news.bgov.com/bloomberg-government-news/top-dc-lobbying-firm-ballard-partners-to-open-venezuela-office
Florida Phoenix, Former Florida attorney general Pam Bondi now a
Washington lobbyist, January 2019
https://floridaphoenix.com/briefs/former-fl-attorney-general-pam-bondi-now-a-washington-lobbyist/
Dekleptocracy, American Princelings, October 30 2026
https://dekleptocracy.substack.com/p/american-princelings-705