{
  "id": 5240226,
  "title": "US energy firms significantly expand operations in Venezuela after Washington's oil deal with Caracas",
  "url": "https://urgent.news/2026/09/03/us-energy-firms-significantly-expand-operations-in-venezuela-after",
  "topic": "world",
  "section": "World",
  "published": "2026-09-03T04:05:20.000Z",
  "source": {
    "name": "Euronews",
    "slug": "euronews",
    "url": "http://www.euronews.com/2026/09/03/us-energy-firms-significantly-expand-operations-in-venezuela-after-washingtons-oil-deal-wi"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US has expanded its energy operations in Venezuela following a deal between Washington and Caracas. The agreement allows US companies to develop an unutilised underground oil asset in Venezuela.\n\nUS Energy Secretary Chris Wright defended the deal, saying it was mutually beneficial and not an attempt to \"steal Venezuelan oil\". According to Wright, the oil is owned by the people of Venezuela, and private companies are bringing in the necessary funds and technology to produce it. The Venezuelan government is expected to earn $209 billion over 25 years from the accord.\n\nThe deal gives the US majority control of over 65 billion barrels of oil in Venezuela, which has the largest proven oil reserves in the world. Wright also highlighted the need to improve Venezuela's electricity sector, which has been plagued by hours-long power cuts.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "US energy firms sign multi‑billion‑dollar Venezuela deals after Washington gains control over oil reserves",
        "url": "https://urgent.news/2026/09/03/us-energy-firms-sign-multi-billion-dollar-venezuela-deals-after",
        "published": "2026-09-03T02:43:49.000Z"
      }
    ]
  },
  "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."
}