Trump announces major US stake in Venezuelan oil
US President Donald Trump says his administration has reached a major oil agreement with Venezuela. He said the deal gives the United States majority control of 65 billion barrels of proven oil reserves. Trump described the agreement as the biggest oil deal in world history. Officials said the arrangement could bring nearly $100 billion in […]
The US has finalized a major oil agreement with Venezuela, giving the US majority control of 65 billion barrels of proven oil reserves. According to President Donald Trump, this deal is the biggest oil deal in world history.
The agreement involves private companies and is expected to bring nearly $100 billion in private investment to Venezuela, as reported by Punch Nigeria and Gulf News.
The deal was reached by Secretary of State Marco Rubio and Defense Secretary Pete Hegseth with Venezuela's interim leader, Delcy Rodriguez, according to Gulf News. Rodriguez confirmed the agreement, hailing potential investment of more than $100 billion and over $209 billion in tax revenue for the State.
Brief written by urgent.news from Daily Times, Punch, Punch Nigeria, Gulf News — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- US announces major deal for Venezuelan oil reserves dailytimes.com.pk
- Trump announces US takeover of Venezuelan oil lemonde.fr
