Trump announces ‘biggest oil deal in world history’ with Venezuela
Agreement secures majority US control of more than 65 billion barrels of proven reserves at no cost to American taxpayers, president says
US President Donald Trump announced what he called “the biggest oil deal in world history” with Venezuela, saying the agreement secures majority US control of more than 65 billion barrels of proven oil reserves.
https://x.com/i/web/status/2093472020704936179
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“At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with highly respected interim president of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 billion barrels of proven oil reserves in Venezuela, at no cost to the American taxpayer,” Trump wrote on Truth Social.
“This historic transaction more than doubles American oil reserves, greatly increases our oil supply, and will substantially lower gas prices for all Americans, long into the future,” he said.
Trump said the agreement would help “continue to set Venezuela on a course toward tremendous success and great prosperity.”
“This transaction will greatly strengthen the already growing relationship between Venezuela and the United States!”