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Trump's unofficial Venezuela adviser Mauricio Claver-Carone departs role

Created at 31 Jul · 4:47 PM1 source↑ Market-relevant
IN SHORT

Mauricio Claver-Carone, an unofficial adviser who significantly influenced U.S. policy toward Venezuela and its oil resources under the Trump administration, has stepped down from his role. Multiple sources suggest he was forced out, though he claims his departure was voluntary.

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Key Numbers

$200 billionVenezuela's debt
$150 millioncontract value for debt restructuring

Who's Involved

Mauricio Claver-Carone
Unofficial adviser on Venezuela policy, formerly Special Envoy for Latin America
Marco Rubio
Secretary of State who spearheaded Venezuela policy
Nicolas Maduro
President of Venezuela
Delcy Rodriguez
Former Vice President of Venezuela
Centerview Partners
U.S. firm that secured a debt restructuring contract
Alejandro Betancourt
Venezuelan businessman used as an intermediary
Richard Grenell
Former ambassador and special envoy to Venezuela
Caleb Orr
Assistant Secretary of State for Economic, Energy, and Business Affairs

↳ Why This Matters

The departure of Mauricio Claver-Carone, a key unofficial architect of U.S. policy toward Venezuela and its energy sector, raises questions about the future direction of U.S. engagement with the OPEC nation and its significant business opportunities.

Key facts

  • Mauricio Claver-Carone, an unofficial adviser to the Trump administration on Venezuela policy, has left his role.
  • Claver-Carone played a significant role in shaping U.S. policy regarding Venezuela's oil resources and potential business deals.
  • He was involved in Centerview Partners securing a $150 million contract to restructure Venezuela's debt.
  • Claver-Carone acknowledged using Alejandro Betancourt as an intermediary with the Venezuelan government.
  • Sources claim Claver-Carone was forced out, while he states his departure was voluntary.

Mauricio Claver-Carone, an unofficial adviser who significantly influenced U.S. policy toward Venezuela and its vast oil resources during the Trump administration, has stepped down from his role. Claver-Carone, who reported to Secretary of State Marco Rubio, was described by sources as having a role akin to a viceroy in shaping decisions on debt restructuring and oil deals potentially worth billions.

While Claver-Carone stated his departure was voluntary, multiple sources familiar with the matter indicated he was forced out. During his tenure, he was instrumental in Centerview Partners securing a contract worth over $150 million for restructuring Venezuela's approximately $200 billion in debt. He also facilitated talks between Venezuelan government and opposition leaders and weighed in on oil deals.

Claver-Carone, a Cuban American with a history of opposition to Cuba's government and an ally of Rubio, previously served as the president of the Inter-American Development Bank and as Trump's Special Envoy for Latin America. He acknowledged using Venezuelan businessman Alejandro Betancourt as an intermediary with the current Venezuelan government, citing Betancourt's understanding of the oil business.

Some Trump allies had questioned Claver-Carone's suitability to oversee U.S. companies' pursuit of Venezuelan assets, given his status as a private citizen controlling a private equity fund, though he stated neither he nor his fund has a financial stake in Venezuela. His influence reportedly ruffled feathers within the State Department and among some investors, with former envoy Richard Grenell reportedly speaking to Trump about Claver-Carone's business dealings in Caracas. An administration official denied that Claver-Carone had "ruffled feathers at the White House" and stated he does not currently hold an official role.

Frequently asked questions

Mauricio Claver-Carone served as an unofficial adviser who played a leading role in shaping U.S. policy toward Venezuela, including decisions on debt restructuring and oil deals.

Centerview Partners secured a contract worth over $150 million, without a competitive bidding process, to restructure Venezuela's approximately $200 billion in debt, a deal Claver-Carone was instrumental in arranging.

No, Claver-Carone held no formal government position but wielded significant influence. The State Department stated he is a private citizen who does not currently have an official role.

Alejandro Betancourt is a Venezuelan businessman whom Claver-Carone acknowledged using as an intermediary with the Venezuelan government due to his understanding of the oil business.

What Happens Next

01It remains to be seen how the U.S. approach to business in Venezuela will change following this shakeup.

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Cadence

How It Developed

Mauricio Claver-Carone, an unofficial adviser shaping U.S. Venezuela policy, has left his role.
Claver-Carone stated his departure was voluntary, but sources indicate he was forced out.
During his tenure, Claver-Carone influenced decisions on debt restructuring and oil deals.
He was instrumental in Centerview Partners securing a $150 million contract for debt restructuring.
Claver-Carone acknowledged using businessman Alejandro Betancourt as an intermediary with the Venezuelan government.
The State Department stated Claver-Carone does not hold an official role and any claims of him being forced out are inaccurate.

Sources

T1
Exclusive-Trump's powerful but unofficial Venezuela adviser leaves his roleReuters

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