24 Hrs
Source:
دايلي بيروت
Venezuela-US oil deal for 25 years
Venezuela and the United States have reached a 25-year oil agreement aimed at developing 17 strategic oil fields, with production exceeding 1.5 million barrels per day. It is expected to generate around $209 billion for the Venezuelan government, based on a barrel price of $65. The agreement includes a plan for expansion, involving the development of eight new fields, and enhances the government's management of its resources by leveraging American companies' capital and technology, with the goal of revitalizing the economy and increasing revenue. The announcement came after President Trump's statements about plans for partial control over Venezuela's oil reserves, while Venezuela expressed its welcome for the project, considering it a historic step to support its economy, which has been affected by sanctions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)