Large-Scale Oil Reserve Agreement Signed Between the US and Venezuela
With this strategic move, the Washington administration has gained a say over the massive energy resources in the Latin American country.
US President Donald Trump announced that they have taken control of the majority of Venezuela's oil reserves exceeding 65 billion barrels and signed the largest oil agreement in world history.
Control of Oil Reserves
The US has taken control of the massive reserves in Venezuelan fields through private sector partnerships.
This development is considered a major step directly impacting the country's energy supply security and strategic position.
Work of Key Figures
US Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth played active roles in carrying out the process.
These two secretaries maintained close contact and cooperation with Venezuelan Acting President Delcy Rodriguez.
Details of the Historic Agreement
In his social media announcement, the US President stated that the largest oil agreement in world history had been signed.
It was stated that thanks to this move, the US's total oil reserves would increase by more than double.