Trump announced the "largest oil deal in history" between the United States and Venezuela
Kyiv • UNN
The United States will allegedly gain majority control over more than 65 billion barrels of Venezuela’s reserves. The details of the deal have not yet been disclosed.
US President Donald Trump announced that an agreement had been reached with Venezuela providing for the United States to gain majority control over more than 65 billion barrels of the country’s proven oil reserves. The American president reported this on Truth Social, UNN writes.
Details
The United States of America has just reached an agreement with Venezuela on the largest oil deal in world history
According to him, the agreement was reached on his instructions by US Secretary of State Marco Rubio and Defense Secretary Pete Hegseth in cooperation with Venezuela’s interim President Delcy Rodríguez and private businesses.
The US will gain control over more than 65 billion barrels of oil
Trump claims that the agreement will give the United States majority control over more than 65 billion barrels of Venezuela’s proven oil reserves, at no cost to American taxpayers.
The US is negotiating a major oil deal with Venezuela – Axios28.08.26, 01:56 • 4644 views
According to the president, the agreement will more than double US oil reserves, increase oil supplies and, in the long term, significantly lower gasoline prices for Americans.
Trump also said that the agreement should contribute to Venezuela’s economic development and strengthen relations between Washington and Caracas.
At the same time, the detailed terms of the agreement have not yet been made public. In particular, it is currently unknown which fields and private companies are involved in the arrangements and how the US will exercise the stated majority control over the oil reserves.