Trump announces oil deal with Venezuela worth $65 billion barrels
Translated from Spanish and summarized by DistantNews. Read the original for the full story.
At a glance
- Donald Trump announced a major oil deal with Venezuela, valued at 65 billion barrels of proven reserves.
- Trump stated the deal was secured by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, in partnership with Venezuela's interim President Delcy Rodrรญguez.
- The agreement reportedly gives the U.S. majority control of these reserves at no cost to American taxpayers.
Former U.S. President Donald Trump announced what he described as "THE BIGGEST OIL DEAL IN WORLD HISTORY!" through his Truth Social platform. The agreement with Venezuela reportedly grants the United States majority control over more than 65 billion barrels of proven oil reserves within the South American nation.
Trump stated that the deal was negotiated under his direction by Secretary of State Marco Rubio and Secretary of War Pete Hegseth. They worked closely with Venezuela's interim President, Delcy Rodrรญguez, and private sector business partners. Crucially, Trump emphasized that the agreement was secured "without any cost to the American Taxpayer."
THE BIGGEST OIL DEAL IN WORLD HISTORY!
This announcement follows a significant U.S. military operation, directed by Trump, to capture Venezuela's former president Nicolรกs Maduro and bring him to the United States to face federal charges of narcoterrorism and drug trafficking. The timing of this oil deal announcement comes nearly nine months after Maduro's capture.
Reports from outlets like Bloomberg had previously suggested the U.S. government was seeking a majority stake in Venezuela's oil reserves through a potential partnership between the Department of Defense and Alejandro Betancourt, an energy investor described as a key intermediary between the two countries.
Under my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with the highly respected interim president of Venezuela, Delcy Rodrรญguez, and, through a partnership with the private business sector, have secured the majority control of the U.S. of more than 65 BILLION BARRELS of Proven Oil Reserves in Venezuela, at no cost to the American Taxpayer.
Originally published by El Universal in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
Image: AP