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Trump: We signed the biggest oil deal in world history with Venezuela
🇹🇷 Turkey /Economy & Trade

Trump: We signed the biggest oil deal in world history with Venezuela

From Cumhuriyet · () Turkish

Translated from Turkish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Former US President Donald Trump announced a major oil deal with Venezuela, claiming it is the largest in world history.
  • The agreement reportedly grants control over a significant portion of Venezuela's vast oil reserves, estimated at over 65 billion barrels.
  • Trump asserted the deal would more than double US oil reserves and bolster national energy supply.

Former U.S. President Donald Trump announced on social media that he has signed what he described as "the biggest oil deal in world history" with Venezuela. Trump stated that U.S. Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth worked closely with Venezuela's interim president, Delcy Rodriguez, on the matter.

According to Trump's statement, the U.S. has secured control over a substantial part of Venezuela's oil reserves, which are estimated to exceed 65 billion barrels. This control was reportedly achieved through a partnership established with the private sector.

Trump asserted that this agreement would significantly enhance the United States' energy independence. He claimed the deal would more than double the country's oil reserves and considerably strengthen its overall oil supply.

The announcement positions the agreement as a landmark achievement in energy policy, aiming to bolster U.S. energy security and economic standing through access to Venezuelan resources.

About this summary

Originally published by Cumhuriyet in Turkish. 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.

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