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What is known of NABEP?, the company that will explode with U.S. raw in Venezuela

NABEP, a Barbados-based company led by Venezuelan businessman Alejandro Betancourt, has secured a deal with the U.S.

Tracked question

Is the international community easing or tightening pressure? · Full question dossier →

linked by topic terms: sanctions

What would settle it: A formal sanctions change (easing or new measures) enacted, not merely requested.

Evidence state: emergingas of Sep 12, 2026changed from established → emergingnot yet linked to a tracked event object in our corpus — no source count yet

NABEP, based in Barbados, will operate over 20% of Venezuela's oil reserves under a deal with the U.S. government, potentially lasting up to 100 years.

The Pentagon's Office of Strategic Capital will hold a 35% stake in NABEP's parent company, with no cost to U.S. taxpayers.

The U.S. will have preferential access to 20% of production at cost price, and the deal is expected to generate $200 billion in taxes for Venezuela over 25 years.

Alejandro Betancourt, NABEP's current director, previously acquired the company from Harry Sargeant, who had served as an unofficial channel between Washington and Caracas.

AI-assisted synthesis anchored to a real VeraVadis-analyzed source. Cleared by VeraVadis's automated editorial gates on 2026-09-11 — not reviewed by a human editor. Archive piece: published under our earlier method. It does not carry the per-claim evidence chain — who reported it first and who is echoing whom — that our current pieces carry. The source link and the date are the original ones.