Venezuela · Multiple sources
Trump hails 'historic' deal for US to control 65bn barrels of Venezuela's oil
Venezuelan interim president says the unusual agreement will help revive her country's economy.
- Time span
- 29 Aug 2026, 01:34 CEST → 30 Aug 2026, 00:40 CEST
- Sources
- 7 sources
- Reports
- 7
- Trust
- strong · multi-source
Timeline
US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves. The terms of the agreement remain to be see...
Washington and Caracas announced Friday that they had reached a “historic” oil agreement, under which the United States will take majority control of more than 65 billion barrels of Venezuela's reserves.
President Trump says his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country's untapped oil reserves, at cost.
Donald Trump has said the US has entered into an agreement with Venezuela to take control of a fifth of the country's oil reserves.
US president says deal secures majority control of more than 65 billion barrels of proven oil reserves in Venezuela.
Trump has long been candid about his desire for the US to secure Venezuelan oil and has urged oil companies to invest in the South American nation.
Venezuelan interim president says the unusual agreement will help revive her country's economy.
Editorial boundary
Each line briefly quotes its own original source and links to it. Full text is not copied.