{
  "id": 4302510,
  "title": "Trump says US enters deal with Venezuela for control of 65bn barrels of oil reserves",
  "url": "https://urgent.news/2026/08/29/trump-says-us-enters-deal-with-venezuela-for-control-of-65bn-barrels",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T23:42:02.000Z",
  "source": {
    "name": "Daily Times",
    "slug": "daily-times",
    "url": "https://dailytimes.com.pk/1545419/trump-says-us-enters-deal-with-venezuela-for-control-of-65bn-barrels-of-oil-reserves/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US has entered a deal with Venezuela that could give it access to vast amounts of the South American country's untapped oil reserves. According to President Donald Trump, the agreement was negotiated by Secretary of State Marco Rubio, although the Qatar Tribune Business report also mentions Defense Secretary Pete Hegseth and Venezuela's acting President Delcy Rodríguez as negotiators, while the Daily Times does not.\n\nThe deal involves the development of 17 fields with a proven potential of 65 billion barrels of oil, according to Rodríguez's government. The agreement could draw $100 billion in investment into Venezuela's oil industry and yield over $209 billion in taxes for Caracas, as per the Qatar Tribune Business report.\n\nThe deal allows the US to partner with a private operator in Venezuela to create a new private company to take hold of the reserves. Rodríguez granted the company 100-year rights to develop the oil fields, according to a US official. Rodríguez predicted the deal \"will have a significant impact on our nation's revival.\"",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Qatar Tribune Business",
        "title": "Trump announces ‘biggest oil deal’ with Venezuela",
        "url": "https://urgent.news/2026/08/29/trump-announces-biggest-oil-deal-with-venezuela",
        "published": "2026-08-29T21:30:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}