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The U.S. government announced that President Donald Trump intends to use the oil obtained from his new agreement with Venezuela to fill the strategic petroleum reserve, which has reached levels close to its lowest point in over 44 years. The agreement includes the United States securing a 35% stake in a Venezuelan oil company, with preferential rights to purchase 20% of the production. The goal is to boost oil production to more than 1.5 million barrels per day during the initial phase, along with plans to develop oil fields containing approximately 65 billion barrels of reserves. The project is expected to attract investments exceeding $100 billion and will uphold Venezuela’s sovereignty over its resources, with long-term investments lasting up to 25 years to increase production and improve infrastructure, despite legal challenges and pressure from major American companies regarding the sustainability of the agreement.
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