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Trump announced a historic oil deal with Venezuela

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Trump announced a historic oil deal with Venezuela
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Key Points

  • Trump announced a US‑Venezuela oil deal called the biggest in world history.
  • The deal gives the US control over most of Venezuela's oil reserves.
  • Venezuela's reserves are said to be over 65 billion barrels.
  • The agreement covers a large share of those reserves.

By the Numbers

65 billion barrels

Trump announced that the United States and Venezuela have reached what he described as the biggest oil deal in world history. He stated that the agreement grants the United States control over the majority of Venezuela's oil reserves. He made the announcement publicly, emphasizing its historic nature.

Trump said Venezuela's oil reserves exceed 65 billion barrels. He noted that the deal covers a large portion of those reserves. He characterized the agreement as a significant milestone in bilateral relations.

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Frequently Asked Questions

What is the agreement that Trump announced with Venezuela?
He announced an agreement between the United States and Venezuela described as the biggest historic oil deal.
How much are Venezuela's oil reserves according to Trump?
Trump said Venezuela's oil reserves exceed 65 billion barrels.
What does the agreement mean for the United States according to Trump?
The agreement allows the United States to control a large portion of Venezuela's oil reserves.

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