US announces major deal for Venezuelan oil reserves
US President Donald Trump says Washington has finalized a major oil agreement with Venezuela. He said the deal gives the United States majority control of more than 65 billion barrels of proven reserves. Trump called it the biggest oil deal in world history. He said the agreement involved private companies and would not cost American […]
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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