US and Venezuela Close to Historic Oil Agreement
If negotiations between the two countries yield positive results, US oil reserves will more than double with supplies from Venezuela, which holds the world's largest proven reserves.
It has been reported that the Trump administration in the US is holding talks with Venezuela's interim government for a historic agreement aimed at securing an ownership stake in Venezuela's oil resources.
Details of the Talks and Leadership
According to information provided by two US officials, critical negotiations are underway between the Trump administration and the Venezuelan interim government to acquire ownership stakes in oil fields. The talks are being led by US Secretary of State Marco Rubio and Venezuelan Interim President Delcy Rodriguez.
US Energy Future and Reserves
It is stated that this agreement with Venezuela, which possesses the world's largest proven oil reserves, will more than double the US's current oil reserves. US officials emphasize that this step is a historic turning point in securing the country's energy future.
Visit Plan and Process
Although it is not yet clear when the final agreement will be signed, plans are underway for US Energy Secretary Chris Wright to visit Venezuela next week.