The Trump administration’s Venezuela oil agreement gives the federal government a business relationship with North American Blue Energy Partners, reportedly led by Alejandro Betancourt, while the Pentagon’s Office of Strategic Capital takes a 35% stake in the company. The venture received a 100-year concession covering oil assets with 63 billion barrels of proven reserves, within Venezuelan fields estimated to contain as much as 65 billion barrels; Energy Secretary Chris Wright said the United States controls oil sales outside Venezuela and has substantial leverage. Venezuelan President Delcy Rodríguez said the agreement would develop 17 strategic fields and generate more than $209 billion in tax revenue. Betancourt has been linked to investigations in the United States, Switzerland and Spain but has not been charged. Administration officials say he was vetted, while lawmakers and analysts seek transparency over his selection and the deal’s financial flows. Experts said the agreement could take years to materially affect U.S. fuel prices.