NewsDialy
A minority partner holds less than half the ownership stake in a business arrangement.
In an oil deal connected to the Trump administration, that position belongs to Alejandro Betancourt, a Venezuelan executive described as controversial.
The company in which he holds his minority stake is set to control more than 65 billion barrels of oil reserves, and he is now courting investors. The United States is the majority party in the arrangement.
Betancourt, as the minority partner, is linked to American interests in a venture whose headline asset is the projected control of an oil reserve base measured in the tens of billions of barrels.
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