Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
Trump said the deal gives the United States majority control of more than 65 billion barrels of proven Venezuelan oil reserves.
- On Friday, President Donald Trump announced an oil agreement with Venezuela, securing majority U.S. control of more than 65 BILLION BARRELS of proven oil reserves at no cost to American taxpayers.
- Washington has sought stable crude supplies since removing former President Nicolas Maduro in January, aiming to replenish the Strategic Petroleum Reserve and promote investment in the OPEC nation's deteriorated energy sector.
- Secretary of State Marco Rubio and Secretary of War Pete Hegseth negotiated the deal alongside Interim President Delcy Rodriguez, with Trump claiming they secured "majority U.S. control of more than 65 BILLION BARRELS."
- Facing pressure ahead of midterm elections scheduled later this year, the administration hopes to ease rising gasoline prices through cheaper oil supplies and expanded Venezuelan output.
- Venezuela's energy industry currently produces 1.25 million barrels per day; the agreement aims to revitalize this deteriorated sector while integrating it into broader American energy strategy.
190 Articles
190 Articles
According to President Donald Trump, the US is concluding an oil deal with Venezuela, thereby securing control over 65 billion barrels.
Secretary of State Marco Rubio estimates that the agreement will attract nearly $100 billion in private investment.
US President Donald Trump has announced a major oil deal with Venezuela. More precisely, he announced "the largest oil deal in world history," which will more than double the US oil reserves.
Washington, Aug 28 (EFE).- U.S. President Donald Trump announced this Friday a "historic" agreement with Venezuela that will double the oil reserves of the U.S. country. "The United States of America has just concluded an agreement with Venezuela: the largest oil agreement in world history!" Trump said on his Truth Social network, which according to [...] Trump announces an oil agreement with Venezuela that says it will double the U.S. reserves …
The U.S. president announced the agreement, detailing that it was negotiated by Marco Rubio, Pete Hegseth and interim president Delcy Rodríguez. In addition, he said that this more than doubles U.S. crude reserves.
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