Venezuela Weighs OPEC Exit as US Discusses Stake in Oil Fields

El Pais

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Possible options include renting several oil fields for a century, according to Bloomberg

Welt

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U.S. companies are to take over the development of oil fields themselves and thus guarantee America's supply. A lease model will be discussed, through which oil fields will be awarded to US producers. Venezuela is apparently ready to take a drastic step for the deal.

Korrespondent.net

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Venezuela was one of the five countries that founded the organization in 1960.

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Kang Hoon-sang = Bloomberg reported on the 28th that Venezuela, which possesses the world's largest crude oil reserves, is also considering withdrawing from the Organization of Petroleum Exporting Countries (OPEC)...

yle

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The United States and Venezuela have discussed the issue, but no final decision has been made, Bloomberg reports.