President Donald Trump has announced what he described as a landmark agreement that grants the United States majority control over a large portion of Venezuela’s oil reserves.
According to the President, the deal covers access to an estimated 65 billion barrels of crude. He said the arrangement is designed to boost American energy security while opening the door for major investments in Venezuela’s oil sector.
Trump stated that the agreement will also help stabilize global supply and contribute to lowering fuel costs for American consumers. He framed the move as part of a broader strategy to reduce reliance on hostile energy sources and strengthen domestic energy independence.
The President added that U.S. companies will play a leading role in developing the reserves, with plans for infrastructure upgrades, technology transfer, and job creation. He described the partnership as mutually beneficial, noting that it could provide Venezuela with much-needed capital and expertise.
Officials say details of the implementation, including regulatory approvals and operational timelines, are still being finalized. The administration indicated that further announcements will be made as the investment framework and security arrangements are put in place.
Trump Announces U.S. Deal for Majority Stake in 65 Billion Barrels of Venezuelan Oil
