A landmark agreement between the U.S. and Venezuela has reportedly secured majority control over a vast portion of the country’s proven oil reserves, totaling more than 65 billion barrels. The deal, announced by the U.S. president, marks a significant shift in energy policy and could have major implications for global oil markets. Details on how the reserves will be managed and the terms of the partnership remain under discussion. Industry analysts are closely watching to see how this could reshape production and geopolitical dynamics in the region.
US president says deal secures majority control of more than 65 billion barrels of proven oil reserves in Venezuela.
