Trump Announces Deal For Huge US Stake In Venezuelan Oil Reserves
Washington, United States: President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves.
The deal -- which Trump proclaimed as "the biggest oil deal in world history" -- will bring nearly $100 billion in private investment to Venezuela, US and Venezuelan officials said.
Venezuela has the world's largest proven oil reserves.
Interim leader Rodriguez confirmed what she called a "historic agreement" that would "have a significant impact on the rebirth of our nation."
Writing on social media, she hailed potential investment of "more than $100 billion and more than $209 billion in tax revenue for the State."
Trump said Secretary of State Marco Rubio and Defense Secretary Pete Hegseth had reached the deal with Rodriguez "through a partnership with private business."
"This Transaction will greatly strengthen the already growing relationship between Venezuela and the United States!" Trump wrote.
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