The Trump Admin. Has a Cozy Relation With Venezuela's Interim Govt. It's Reportedly Closing In On Its Oil Reserves.
The deal could more than double U.S. oil reserves as Washington seeks to offset a Strategic Petroleum Reserve below 300 million barrels, officials said.
- The United States is reportedly in talks with Venezuela to acquire ownership stakes in at least a dozen oil fields, a deal Axios reports would more than double the nation's oil reserves.
- Data from the Department of Energy shows the Strategic Petroleum Reserve fell below 300 million barrels last week, the lowest level in more than 40 years, as conflicts in Iran and Russia-Ukraine pressure global oil supplies.
- Venezuelan oil fields remain in a state of decay after years of under-exploitation; President Donald Trump began planning for such investments before the January operation that removed President Nicolas Maduro.
- Officials claim Venezuela would submit monthly budgets to the White House and allow independent audits; however, The New York Times reports revenue transparency remains unclear months into the arrangement with Interim President Delcy Rodriguez.
- Traffic through the Strait of Hormuz is not expected to fully reopen soon as Washington and Tehran's positions remain far apart, forcing the release of 172 million barrels from reserves since March.
11 Articles
11 Articles
The talks focus on more than 12 producing oil fields with total reserves reaching 90 billion barrels.
(Mexico City = Yonhap News) Correspondent Song Gwang-ho = The Donald Trump administration is seeking to secure a massive stake in the oil fields of Venezuela, the country with the world's largest oil reserves...
Americaske myndigheter skal være i samtaler om å eie deler av Venezuelas oljeressurser.
The United States has been tightly controlling Venezuela since January.
US in talks with Venezuela to acquire stake in country's oil fields as strategic reserves fall to 40-year-low: Report
US and Venezuela are reportedly nearing a deal for Washington to acquire stakes in over a dozen Venezuelan oil fields, potentially boosting US oil reserves.
Trump management is talking to the interim government of Venezuela to take on an equity stake in the country's huge oil reserves, according to the American website Axios. In update.
Coverage Details
Bias Distribution
- 62% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
