Commodity deal: Trump: USA secure huge oil reserves in Venezuela
At the beginning of the year, US special forces arrested Venezuela's long-standing head of state, Nicolás Maduro. Now, there is to be an agreement on the country's oil reserves.
US President Donald Trump claims that the US has secured huge oil reserves in Venezuela. The agreement, allegedly made with Venezuelan interim president Delcy Rodríguez and the private sector, gives the US control of over 65 billion barrels of proven oil reserves. This would more than double the US' oil reserves, which stood at 46 billion barrels at the end of 2024, according to the US Energy Information Administration (EIA).
The development comes after US special forces took Venezuelan former president Nicolás Maduro into custody earlier this year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Commodity deal: Trump – USA secure huge oil reserves in Venezuela handelsblatt.com
