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Trump secures agreement with top oil reserve nation
The article reports that President Trump’s agreement with Venezuela grants the U.S. access to 17 Venezuelan oil fields containing an estimated 65 billion barrels of crude, primarily heavy crude suitable for Gulf Coast refineries. Despite Venezuela’s large reserves, the country struggles with low production due to political instability and infrastructure issues. The deal aims to boost U.S. energy security, diversify oil imports, support refineries, and replenish the Strategic Petroleum Reserve, especially amid global supply disruptions.
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