What We Know About Trump’s Deal Giving US Access to Vast Oil Reserves in Venezuela – WTOP News
Delcy Rodríguez says the pact will modernize the oil industry and bring jobs, while critics question its legality and the missing terms.
- On Friday, the United States and Venezuela announced an energy agreement granting rights to 17 fields holding over 65 billion barrels of oil. President Donald Trump called it "THE BIGGEST OIL DEAL IN WORLD HISTORY."
- Following the January removal of President Nicolas Maduro, Washington moved to facilitate new corporate arrangements in Venezuela's oil sector. The deal aims to boost domestic production amid elevated global energy prices.
- Projections indicate the deal could draw $100 billion in investment and yield over $209 billion in taxes. Officials claim a 55% effective U.S. stake, though specific operational terms remain undisclosed.
- Acting President Delcy Rodriguez defended the deal as a pathway to prosperity, yet Chavista supporters and opposition groups condemned it as a threat to national sovereignty. Critics argue the arrangement creates political liability.
- Harvard University professor Ricardo Hausmann called the arrangement a "shameful deal" lacking legitimacy. Analysts question whether oil companies would invest given logistical hurdles and potentially exaggerated reserve valuations.
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‘A new form of US colonialism’: Venezuelans bristle at oil takeover
BOGOTÁ, Colombia — Many Venezuelans suspected that there was going to be a price to pay for President Donald Trump’s brazen capture of their autocratic leader, Nicolás Maduro, who was arrested by U.S. forces in January. The post ‘A new form of US colonialism’: Venezuelans bristle at oil takeover appeared first on West Hawaii Today.
Agreement announced by Donald Trump to give the United States control over reserves of 65 billion barrels of oil from Venezuela triggered reactions in the South American country
US Oil Deal: Venezuela Retains Ownership, Sovereignty Over Its Resources, Says Rodriguez
The United States will have majority control of 65 billion barrels of Venezuela's proven reserves in what President Donald Trump described Friday as "the biggest oil deal in world history." The post US Oil Deal: Venezuela Retains Ownership, Sovereignty Over Its Resources, Says Rodriguez appeared first on Channels Television.
Venezuela's interim president, Delcy Rodriguez, announced that the energy agreement with the United States will be valid for 25 years and aims to increase the production of oil to more than 1.5 million barrels a day. The Caracas official claims that Venezuela will maintain its ownership and sovereignty over natural resources, Reuters reports.
Venice's interim president, Delcy Rodriguez, said Saturday that the energy agreement with the US will remain in force for 25 years, will aim at increasing the production of oil to 1.5 million barrels per day (bpd) and will maintain the country's sovereignty over its natural resources, Reuters reports.
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