What we know about Trump’s deal giving the US access to Venezuela’s oil
Besides a social media post from US President Donald Trump, the White House has said little about what he is calling “the biggest oil deal in world history” in Venezuela.
US President Donald Trump has announced a deal with Venezuela that he calls "the biggest oil deal in world history". The White House has provided few details beyond Trump's social media post.
According to Venezuelan interim President Delcy Rodríguez, the agreement will run for 25 years and covers the development of 17 strategic oilfields. The target is to produce more than 1.5 million barrels of oil per day from these fields.
Venezuela will provide the oil, industry, and workers, while the US will provide the money and technology. Rodríguez said the deal could help revive the Venezuelan economy and increase government revenue.
Brief written by urgent.news from Euronews Business, Hindustan Times - World News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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