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US-Venezuela agree on oil and gold deals at G20
The United States and Venezuela reached new agreements in the oil and gold sectors on the sidelines of the G20 summit hosted by America. The agreements include the signing of a memorandum of understanding to develop an oil field in the Orinoco basin in Venezuela, in cooperation between the American company Continental Resources and the Venezuelan National Oil Company. They also involve the development of other oil fields through North American Blue Energy Partners. Additionally, a new agreement was announced to develop gold extraction projects. This move is considered a historic step that strengthens Venezuela's sovereignty and highlights the important role of the Western Hemisphere in the global energy system, especially after the U.S. secured control over approximately one-fifth of Venezuela's oil reserves, which Trump described as "the biggest oil deal in history."
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