U.S. President Donald Trump confirmed this Thursday that major American oil companies are prepared to begin drilling operations in Venezuelan territory. The announcement signals a deepening shift in the bilateral relationship between the two nations.
Un acuerdo que ya está en marcha
According to statements made from Air Force One, “We’re going to start drilling very soon. We have the biggest companies in the world. We have them and they’re going to be coming in. They’re all negotiating right now.” Trump indicated that both Caracas and Washington stand to benefit economically from the collaboration, stating, “They’re going to get more money than they’ve ever gotten, but we’re also going to get a lot of money.”
Trump also emphasized the technical expertise of the United States in hydrocarbon extraction, asserting, “We’re really good at this.” This positions the U.S. as a key player in the revitalization of Venezuela’s oil sector. The agreement appears to be already underway, with Venezuela’s acting president, Delcy Rodríguez, announcing on January 20th the receipt of $300 million as initial revenue from the oil pact with the U.S. A total of $500 million is anticipated, as outlined in the agreement.
The President’s comments followed a meeting with industry leaders and underscore the advanced stage of negotiations.
Frequently Asked Questions
What did President Trump say about the oil companies involved?
President Trump stated that “the biggest companies in the world” are prepared to begin drilling in Venezuela and that “they’re all negotiating right now.”
How much money has Venezuela already received from this agreement?
Venezuela has already received $300 million as of January 20th, with a total of $500 million expected, according to the agreement.
What did President Trump say about the United States’ role in this agreement?
President Trump stated that the U.S. is “really good” at hydrocarbon extraction and will also “receive a lot of money” from this collaboration.
As this agreement moves forward, what impact might it have on global oil markets and the broader geopolitical landscape?
