Days after Trump announces Venezuela oil deal, White House fills in some of the details

As part of the deal, the U.S. is creating a private company as a joint venture with North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt.

<img src='https://npr.brightspotcdn.com/dims3/default/strip/false/crop/4582x3055+0+0/resize/4582x3055!/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Faa%2F02%2Fd7eb51fe43dc8471b6265c7e5b89%2Fap26241587612435.jpg' alt='FILE - Flames rise from flare stacks at the Amuay refinery in Los Taques, Venezuela, Jan. 14, 2026.'/><p>As part of the deal, the U.S. is creating a private company as a joint venture with North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt.</p><p>(Image credit: Matias Delacroix)</p><img src='https://media.npr.org/include/images/tracking/npr-rss-pixel.png?story=g-s1-141351' />