US, Venezuela Tout ‘Biggest Oil Deal in World History’
Trump says the deal would give the United States 55% of output from a new private company and lower gas prices.
- President Donald Trump announced on Friday a deal with Venezuela giving the United States majority control over more than 65 billion barrels of proven oil reserves. Trump claims the agreement will "substantially lower gas prices for all Americans."
- Global oil supplies have been strained by conflicts in Iran and Ukraine, while the Strategic Petroleum Reserve has fallen below 300 million barrels—its lowest level in more than four decades. This energy crisis prompted the Venezuela agreement.
- Venezuelan President Delcy Rodr detailed the agreement covering 17 strategic fields with more than $100 billion in investment and more than $209 billion in taxes for Venezuela. The United States reportedly receives 55% effective output of a new private company.
- Despite the announcement, the deal's structure, participating companies, and production timeline remain undisclosed. Any production increase depends on infrastructure repairs, legal approvals within Venezuela, and significant new investment.
- While Venezuela holds the world's largest oil reserves, production has collapsed from years of underinvestment and sanctions. Trump declared this THE BIGGEST OIL DEAL will help reverse that decline and bolster American energy security.
55 Articles
55 Articles
Trump Hails 'Historic' US Deal To Control 65bn Barrels of Venezuelan Oil
The US says it has struck a huge oil deal with Venezuela, giving Washington control over more than 65 billion barrels of the country’s proven reserves.President Donald Trump called the agreement “historic”. He claimed it would more than double US oil reserves, increase supply and help bring down petrol prices.But what exactly has Washington secured? Details remain limited.Secretary of State Marco Rubio described the deal as “a huge win” for both…
The United States gained control over 65 billion barrels of Venezuelan oil
The United States gained control over 65 billion barrels of Venezuelan oil — TrumpThe US president announced the conclusion of the "largest oil deal in world history" with the interim president of Venezuela, Delcy Rodriguez.According to Trump, the...
Analysis by David Goldman, CNN: The United States needs Venezuelan oil, probably more than at any time since the oil crisis of the 1970s. However, President Donald Trump has struggled to convince U.S. oil companies to make significant investments in Venezuela's oil operations after the crisis. The post Trump found an unusual solution to his Venezuela problem appeared first on News Channel 3-12.
Trump Secures 65 Billion Barrels in Venezuela Oil Deal
“The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” The post Trump Secures 65 Billion Barrels in Venezuela Oil Deal first appeared on Le·gal In·sur·rec·tion.
President Trump announces deal for U.S. control of 65 billion barrels of Venezuelan oil
Photo: Alamy President Donald Trump announced Friday that the United States has reached an agreement with Venezuela to take control of 65 billion barrels of the South American country's oil reserves. The president said the agreement was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuelan interim President Delcy Rodriguez. "The
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