According to Reuters and Agence France-Presse reports, the agreement aims to revitalize Venezuela’s struggling energy industry, guarantee crude supplies for American refineries, and lower domestic fuel prices without costing U.S. taxpayers.
U.S. Secures Control of 65 милиарда барела of Venezuelan Oil
President Trump stated on Truth Social that the arrangement represents the largest oil deal in world history. Secretary of State Marco Rubio and Defense Minister Pete Hegseth worked in close cooperation with Venezuelan interim president Delcy Rodríguez and private businesses to finalize the agreement. The pact provides American companies with long-term access to a group of Venezuelan oil fields. Reuters noted that earlier discussions considered auctioning oil fields directly to U.S. producers, but that approach risked running into legal and constitutional barriers under Venezuelan law, which maintains state oversight of core petroleum activities.
Private Investments and Economic Impact in Latin America
U.S. Secretary of State Marco Rubio stated on X, as reported by AFP, that the agreement will inject nearly 100 милиарда долара in private investments into the Latin American nation. According to Rubio, the partnership will support thousands of high-paying jobs and accelerate the economic recovery of Venezuela while securing stable fuel supplies for the United States. In related regional developments, energy firms from Qatar, the United Arab Emirates, and Great Britain are also moving to develop separate natural gas fields within Venezuela, signaling broader international involvement in the country’s energy sector.
Frequently Asked Questions
Who brokered the U.S.-Venezuela oil agreement?
How many barrels of oil are included in the deal?
According to Reuters and AFP reports, the agreement grants the United States majority control over more than 65 милиарда барела of proven oil reserves.
What are the expected financial investments for Venezuela?
According to U.S. Secretary of State Marco Rubio, the new arrangement is projected to bring nearly 100 милиарда долара in private investments to Venezuela.
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