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Alejandro Betancourt, the controversial Venezuelan oil tycoon Trump is banking on

Photo: France 24

What happened

US President Donald Trump on Friday announced "the biggest oil deal in world history" – a new deal with Venezuela for "65 billion barrels of oil". Washington is rumoured to be working in partnership with controversial Venezuelan oil tycoon Alejandro Betancourt, who made his fortune under the Chavista regime.

Summary assembled by rule from the sources below

Sources