Trump announces: 'the biggest oil deal in history' with Venezuela
U.S. President Donald Trump announced that an agreement had been reached with Venezuela, which he described as the world's biggest oil deal. Under the agreement, the majority control of more than 65 billion barrels of oil reserves will pass to the United States, and the arrangement will not cost American taxpayers.
U.S. President Donald Trump, in a statement from his social media account, used striking remarks about the oil deal he said was signed with Venezuela.
Trump claimed that the agreement reached with Venezuela was the largest oil deal in world history, stating that it would bring significant results for both countries.
High-Level Contacts Behind the Agreement
According to Trump’s statement, the contacts conducted by U.S. Secretary of State Marco Rubio and Defense Secretary Pete Hegseth were instrumental in implementing the agreement.
It was reported that the two ministers held talks with Venezuela’s Acting President Delcy Rodriguez under a private‑sector partnership, and that an agreement was reached following those contacts.
Trump argued that those talks were an important step for the future of Venezuela’s oil resources.
US Control Over $65 Billion More in Reserves
One of the most striking features of the deal was the vast oil reserves that Venezuela possesses.
Under the agreement, the majority of the more than 65 billion barrels of oil reserves are transferred to US control. Trump said that this shift in control is an important gain for the American economy.
The US President also underscored that the agreement imposes no cost on American taxpayers.
How the control over oil reserves will be applied and what the long‑term impact of the agreement on Venezuela’s oil sector will be will become clearer in the forthcoming process.
Comments
You must sign in to comment.
Sign InYou Might Also Like
In Iceland, a critical referendum on EU membership: People at the ballot box
In Iceland, voters went to the polls to decide whether EU membership negotiations should be restarted. While polls show 'yes' leading, it is noted that the referendum could be decided in a single round.
Alarm in England over 'drunken donkey bee'! Critical warning from experts
With the summer season drawing to a close, donkey bee activity has increased in England. Experts said that donkey bees fed on fermented fruit and sugary foods could become stunned and more aggressive, raising the risk of stings during this period.
30 years living in ABD, Turkish woman compared Türkiye with Amerika: We are truly poor psychologically and physiologically.
Over 30 years living in ABD, a Turkish woman compared the living standards between Türkiye and Amerika in a post on her social media account. While in South Carolina, she described the neighborhood around her and the facilities people had, and drew attention with the words 'We are truly poor psychologically and physiologically.'
.avif){kind=small}