Trump. The US is taking control of part of Venezuela's oil reserves.
29-08-2026 11:06 USA Politics
Freedom: U.S. President Donald Trump announced on Friday an unprecedented initiative by the U.S. to establish control over about one-fifth of Venezuela's vast oil reserves, Reuters reports:
Trump provided few details about the agreement, only noting that the U.S. has gained control over the majority of Venezuela's proven oil reserves, which exceed 65 billion barrels, through cooperation with private business.
The leader of the South American country welcomed the agreement, stating that it would contribute to the growth of the economy and public revenues.
Venezuela has the largest proven oil reserves in the world, but currently produces only about 1.25 million barrels per day.
* This text was automatically translated by Artificial Intelligence (AI).
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