Trump says US will refill its petroleum reserves using Venezuelan oil

Venezuela's interim President, Delcy Rodriguez, delivered a televised address to defend an agreement involving Venezuelan oil and the United States. Rodriguez stated that Venezuela "retains sovereignty" despite this deal. The address aimed to explain and justify the arrangement, emphasizing Venezuela's continued control over its resources. The specific details of the oil deal and the timeline were not provided in the article. This action by the interim president indicates a move to publicly address and legitimize the agreement with the US.

Venezuelan acting president Delcy Rodriguez has faced criticism from both hardliners and opposition forces for agreeing to grant the US exclusive access to the country's oil resources. Rodriguez is reportedly using this deal with US President Donald Trump as a strategy to consolidate her power, potentially reducing the US incentive for swift elections. This agreement, which would give the US majority control over 65 billion barrels of crude, is seen by some as reinforcing Trump's commitment to working with Rodriguez, thereby diminishing pressure for new elections. Rodriguez defended the deal, stating it would bring prosperity and jobs, and expects Venezuela to receive approximately US$19 in profit per barrel. However, the deal carries the risk of becoming a political liability due to Venezuela's history of anti-US nationalism and the principles of state control over oil championed by the Chavismo movement.

Venezuela's interim President Delcy Rodriguez announced a 25-year deal with the United States that will allow American companies to develop the country's oil industry. Under this agreement, Venezuela will retain ownership and sovereignty over its oil resources, while $19 from every barrel sold to the US will go to Caracas, potentially generating significant revenue. The project aims to revive Venezuela's oil sector, which has been impacted by sanctions, by developing strategic oilfields and new exploration blocks. This deal, described as "historic" by Rodriguez, involves foreign companies, including US firm Chevron, rescuing Venezuela's energy infrastructure. Venezuelan officials are preparing to sign agreements granting new oil exploration and production rights next week.

The United States has announced a deal to gain majority control over a substantial portion of Venezuela's oil reserves, reportedly amounting to over 65 billion barrels. This agreement involves 17 strategic oil fields and will see the US government partnering with a private business for extraction. President Trump stated the deal "MORE THAN DOUBLES American Oil Reserves," aiming to bolster declining US reserves. This development follows a period of escalating tensions between the US and Venezuela, culminating in the abduction and detainment of former President Nicolas Maduro in early 2026. Following Maduro's removal, Trump backed Delcy Rodriguez as interim president, and the US administration subsequently announced it would control Venezuela's oil exports. Critics have raised concerns about the legality of US intervention and the nature of the deal, with some analysts questioning the announced reserve figures.

President Donald Trump announced a deal that he claims secures majority U.S. control over more than 65 billion barrels of proven oil reserves in Venezuela. According to Trump, this "historic transaction" will more than double American oil reserves and lower gas prices for Americans. The agreement, facilitated by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, involves a partnership with private businesses and Venezuela's interim President Delcy Rodriguez. Venezuela's government welcomed the deal, which is expected to generate significant revenue for the state. The arrangement grants American companies long-term access to Venezuelan oilfields and guarantees crude supply to the U.S., with Venezuelan officials preparing to sign agreements for new exploration and production rights.

President Donald Trump announced that the United States has reached a deal with Venezuela to control over 65 billion barrels of its proven oil reserves. Trump stated this "historic transaction" would significantly increase American oil reserves and supply, potentially lowering gas prices for Americans. Venezuelan interim President Delcy Rodriguez described the agreement as beneficial for her country's economic revival, projecting nearly $100 billion in private investment and job creation. Secretary of State Marco Rubio also called it a "huge win" for both nations. The deal was reportedly reached through a partnership with private business, with Trump claiming it would incur no cost to American taxpayers. Specific details of the agreement have not yet been released.

President Donald Trump announced on Friday that the United States has reached an agreement with Venezuela to gain control of 65 billion barrels of the South American nation's oil reserves. Trump stated on social media that the deal was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Venezuela's interim President Delcy Rodriguez. He described it as "THE BIGGEST OIL DEAL IN WORLD HISTORY!" The announcement follows a US military operation nine months prior to capture Venezuelan President Nicolas Maduro. This development occurs as President Trump faces pressure regarding high gasoline prices, with the war in Iran continuing without resolution. The article also notes that the US has depleted its strategic petroleum reserves significantly.

President Donald Trump announced a new oil agreement with Venezuela's interim president, Delcy Rodríguez, stating the U.S. will gain "majority" control of 65 billion barrels of proven oil reserves. Trump claimed this deal, brokered through private business partnerships by his secretaries of state and defense, would secure majority U.S. control at no cost to taxpayers and more than double American oil reserves. While specific terms remain undisclosed, the agreement aims to increase U.S. oil supply and potentially lower gasoline prices ahead of midterm elections. This development follows reports of advanced talks for the U.S. to take a direct stake in Venezuelan oilfields.

President Donald Trump announced on Friday that the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American nation's oil reserves. Trump stated the deal was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Venezuela's interim President Delcy Rodriguez. This announcement follows a U.S. military operation to capture Venezuelan President Nicolás Maduro and comes amid pressure on Trump to address rising gas prices, exacerbated by the ongoing war in Iran. The U.S. has been drawing down its strategic petroleum reserves. Venezuela possesses vast, largely mapped oil reserves but produces minimally due to infrastructure issues. Details on the private partnership involved and how the arrangement will function were not provided.