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 supposed 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 reportedly brings over 65 billion barrels of proven oil reserves under US control, more than doubling the country's existing reserves of 46 billion barrels. Trump stated that the deal was made in coordination with Venezuela's interim president Delcy Rodríguez and involved the private sector, but details are scarce.
The US had been exerting pressure on Venezuela, having taken custody of former Venezuelan leader Nicolás Maduro earlier in the year.
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- Commodity deal: Trump: USA secure huge oil reserves in Venezuela handelsblatt.com
