Trump Announces 'Historic' Agreement for US Stake in Venezuela Oil Reserves
The agreement would bring nearly $100 billion in private investment and could more than double U.S. oil reserves, officials said.
- On Friday, President Donald Trump announced a "historic agreement" with interim leader Delcy Rodriguez, claiming it grants the United States majority control of 65 billion barrels of proven petroleum reserves.
- Secretary of State Marco Rubio characterized the deal as a "huge victory" to lower domestic gas prices, which have spiked following the U.S. war on Iran amid pressure ahead of November's midterm elections.
- Trump proclaimed it "the biggest oil deal in world history," while Axios reported talks involve roughly 90 billion barrels across productive oil fields, aiming to attract nearly $100 billion in private investment.
- Energy Institute researcher Jorge Pinon questioned how assets are transferred "not to a private enterprise, but to another country," citing operational and security concerns that remain unresolved.
- Chevron, the only U.S. oil company operating in Venezuela, raised daily crude production to 280,000 barrels in July, establishing a baseline for operations under U.S. oversight since the January ouster of Nicolas Maduro.
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Trump announces US control over 65 billion barrels of Venezuelan oil
US President Donald Trump has announced an agreement with Venezuela that he says gives the United States majority control over more than 65 billion barrels of the country’s proven oil reserves, marking a major expansion of Washington’s role in Venezuela’s energy sector. Trump said the agreement had been reached with Venezuela’s interim government through a partnership with private companies.
Caracas. The governments of Venezuela and the United States announced yesterday what both administrations considered a “historical agreement” in terms of oil exploitation on the soil of the Bolivarian country, which establishes the development of 17 strategic fields with a proven potential of 65 billion barrels of crude.
President Donald Trump announced on Friday that his administration had reached a major oil deal with Venezuela.
ROME (ITALPRESS) - The United States and Venezuela have signed an agreement on the oil of the South American country, which provides for the US control of more than 65 billion barrels from Venezuelan reserves, thanks to a partnership with private companies. The United States has just concluded an agreement with Venezuela: the largest oil deal in world history!
NEWS HEADLINES: Trump announces U.S.-Venezuela agreement, calls it ‘Biggest Oil Deal in World History’ – One America News Network
US President Donald Trump gives a thumbs up after stepping off Air Force One upon arrrival at Ellington Airport in Houston, Texas, on August 27, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images) OAN Staff Sophia Flores 5:14 PM – Friday, August 28, 2026 President Donald Trump has announced a historic agreement securing majority control over 65 billion barrels of proven Oil Reserves in Venezuela, calling it the largest oil deal in world histo…
Acting President of Venezuela described the agreement as historic.
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