US nears deal to secure long-term access to Venezuela's oil reserves - report
"This is real and being discussed at the highest levels of the US and Venezuelan governments," one of the sources said.
The United States is reportedly nearing an agreement to secure long-term access to Venezuela's crude oil reserves, according to sources familiar with the negotiations. This deal, which could be finalized soon, aims to lower the cost of crude imports for the US by guaranteeing a supply from American companies developing Venezuelan oilfields.
The agreement, expected to be signed and made public, would likely involve leasing 17 identified fields, including both green and mature areas in the Orinoco Belt and Lake Maracaibo. The White House has referred inquiries to the US Department of Energy, while the Venezuelan government has yet to respond to requests for comment. The country's oil minister, Paula Henao, was also unavailable for comment.
Critics point out that Venezuela's current hydrocarbon regulation, which reserves oil activities to the state, could pose constitutional challenges to the proposed deal.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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