energy deal

Recent news highlights significant energy deal developments involving Venezuela and Turkiye. Venezuela's interim president, Delcy Rodríguez, has defended a controversial energy deal with Donald Trump, asserting that the nation will retain ownership and sovereignty over its oil reserves. This deal is presented as having 'endless' benefits for the South American country. Meanwhile, Turkiye is taking a 'historic step' towards an energy alliance with Iraq. President Recep Tayyip Erdogan announced that Turkiye could potentially receive up to 1 million barrels of Iraqi oil per day following an investment in a stake within the British Petroleum-run Kirkuk oilfield. These developments underscore a current focus on securing and leveraging oil resources through international agreements, with both nations emphasizing the strategic and economic advantages of these energy partnerships.