20 Hrs
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الاقتصادية
Trump: Replenishing oil reserve with Venezuelan supply
U.S. President Donald Trump announced that the United States will soon begin replenishing its strategic oil reserves using Venezuelan oil, following the signing of an agreement with Venezuela to restore its damaged oil industry. The agreement aims at significant investments and increased production, although the speed and short-term benefits remain uncertain. The U.S. strategic petroleum reserve has fallen to its lowest level in 44 years, totaling 289.7 million barrels in August, with over 125 million barrels withdrawn since February. Venezuela's reserves, estimated at more than 303 billion barrels, are the largest in the world, and exploiting them is considered part of the U.S. strategy to enhance energy security.
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