Trump says deal gives US huge stake in Venezuelan oil reserves
WASHINGTON - President Donald Trump said on Friday that his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves.
President Donald Trump announced a monumental oil deal with Venezuela on Friday, asserting that the United States will secure majority control of 65 billion barrels of proven petroleum reserves. According to US Secretary of State Marco Rubio, the agreement will inject nearly $100 billion in private investment into Venezuela. The deal, dubbed "the biggest oil deal in world history," is poised to bolster US oil reserves by more than doubling them, according to Trump's statement on his Truth Social platform.
The arrangement, brokered between Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Venezuela's interim leader Delcy Rodriguez, aims to strengthen the relationship between the two nations.
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Also reported by 1 other outlet
- Trump claims US will take control of 65bn barrels of Venezuelan oil thenationalnews.com
