Trump announces historic deal giving US majority control of 65 billion barrels of Venezuelan oil reserves

President Donald Trump announced a "historic agreement" that grants the United States majority control over 65 billion barrels of Venezuela's proven oil reserves. Trump proclaimed the deal as "the biggest oil deal in world history," projecting it would bring nearly $100 billion in private investment to Venezuela and more than double U.S. oil reserves.

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This deal will bring nearly $100 billion in private investment to Venezuela.

Interim leader Delcy Rodriguez confirmed the "historic agreement," stating it would significantly impact Venezuela's economic rebirth. She highlighted potential investments exceeding $100 billion and over $209 billion in tax revenue for the state. Trump stated that Secretary of State Marco Rubio and Defense Secretary Pete Hegseth finalized the deal with Rodriguez through a partnership with private businesses, emphasizing its role in strengthening the relationship between the two nations.

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This Transaction will greatly strengthen the already growing relationship between Venezuela and the United States!

Rubio noted that the deal aligns with Trump's "America First" policy, aiming to secure stable reserves and lower oil costs domestically. He also projected that the agreement would bring substantial private investment to Venezuela, support job creation, and drive economic reconstruction. However, questions remain regarding the specifics of the deal, including how the oil assets will be transferred, as noted by Jorge Pinon, a senior researcher at the Energy Institute at the University of Texas at Austin. The deal reportedly involves talks on a dozen productive oil fields with 90 billion barrels of proven reserves, a significant portion of Venezuela's total reserves.

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For the Venezuelan people, this deal will bring nearly $100 billion in private investment, support thousands of high-paying jobs, and drive the reconstruction of Venezuela’s economy.