What We Know About Trump’s Deal Giving US Access to Vast Oil Reserves in Venezuela – WTOP News
Delcy Rodríguez says the pact will modernize the oil industry and bring jobs, while critics question its legality and the missing terms.
- On Friday, the United States and Venezuela announced an energy agreement granting rights to 17 fields holding over 65 billion barrels of oil. President Donald Trump called it "THE BIGGEST OIL DEAL IN WORLD HISTORY."
- Following the January removal of President Nicolas Maduro, Washington moved to facilitate new corporate arrangements in Venezuela's oil sector. The deal aims to boost domestic production amid elevated global energy prices.
- Projections indicate the deal could draw $100 billion in investment and yield over $209 billion in taxes. Officials claim a 55% effective U.S. stake, though specific operational terms remain undisclosed.
- Acting President Delcy Rodriguez defended the deal as a pathway to prosperity, yet Chavista supporters and opposition groups condemned it as a threat to national sovereignty. Critics argue the arrangement creates political liability.
- Harvard University professor Ricardo Hausmann called the arrangement a "shameful deal" lacking legitimacy. Analysts question whether oil companies would invest given logistical hurdles and potentially exaggerated reserve valuations.
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118 Articles
Venezuela says energy deal with US will run for 25 years
Abi Sarabia M., Philippine Canadian Inquirer August 30, 2026 CARACAS, Venezuela — Venezuela’s energy agreement with the United States will run for 25 years and cover the development of 17 […] The post Venezuela says energy deal with US will run for 25 years appeared first on Philippine Canadian Inquirer.
What we know about deal giving US access to Venezuela oil
The answers to many questions, including how soon the reserves could be drilled and who will pay to make it happen, were not immediately clear. The post What we know about deal giving US access to Venezuela oil appeared first on Boston.com.
Donald Trump's oil deal with Venezuela strengthens President Delcy Rodríguez's position. For them, the delicate business is a political life insurance.
Venezuela's interim President Delcy Rodriguez said the energy agreement with the United States would last 25 years and aim to increase Venezuelan crude oil production to 1.5 million barrels per day and preserve the country's sovereignty over its natural resources, Reuters reported, BTA reported. In a statement on Saturday evening, Rodriguez hailed the agreement as a "historic" deal that would help revive the economy and increase government reven…
Acting President of Venezuela Claims to Maintain 'Soberania' in Oil Agreement with the United States
The interim president of Venezuela, Delcy Rodríguez, speech after the approval of the Organic Law of Hydrocarbons Reform in front of the Presidential Palace of Miraflores, Caracas, on January 29, 2026 AFP The interim president of Venezuela, Delcy Rodríguez, made a pronouncement on Saturday night (29) and stated that the country retains control of its oil. On Friday (28), President Donald Trump announced an agreement that would guarantee the US c…
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