US Venezuela oil deal
The United States and Venezuela have entered into an agreement concerning the country's oil reserves. The deal, announced and later signed, grants U.S. companies access to Venezuelan oil and aims to leverage the nation's energy resources.
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04 SEP
FRI
US Venezuela oil agreement signed
U.S. Energy Secretary Chris Wright met with Venezuelan acting President Delcy Rodriguez to implement a new oil agreement. The deal grants U.S. companies access to about 20% of Venezuela's oil reserves and is expected to more than double crude production over the next few years.
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31 AUG
MON
US Venezuela oil deal announced
President Trump announced a deal with Venezuela that he claims will give U.S. majority control of over 65 billion barrels of oil reserves. This agreement outlines a 100-year lease for a joint venture that would hold a 55% share for the US. Trump stated the deal will lower gas prices, but experts suggest this is unlikely in the short term.
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