Trump announces US majority control of Venezuela’s oil reserves

United States President Donald Trump has announced an statement granting the state bulk power of Venezuela’s proven lipid reserves, describing the statement arsenic the “biggest lipid woody successful satellite history.”

Trump said the statement covers astir 65 cardinal barrels of proven petroleum reserves and could pull astir $100 cardinal successful backstage concern into Venezuela.

The US president disclosed the improvement on Friday in a station connected his Truth Social platform, claiming that the woody would much than treble the country’s lipid reserves.

“This Transaction volition greatly fortify the already increasing narration betwixt Venezuela and the United States!” Trump said.

According to Trump, United States Secretary of State, Marco Rubio and Defence Secretary Pete Hegseth negotiated the statement with Venezuela’s interim leader, Delcy Rodriguez, successful collaboration with private-sector companies.

Rodriguez besides confirmed the agreement, describing it arsenic a “historic agreement” that would play a large relation successful rebuilding Venezuela’s economy.

She said the statement could pull much than $100 cardinal successful concern and make implicit $209 cardinal successful taxation gross f...