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Washington and Caracas finalize major oil agreement
The United States and Venezuela have finalized the largest oil deal in history, granting Washington control over more than 65 billion barrels of Venezuelan oil reserves across 17 strategic fields. The goal is to increase oil supplies and reduce fuel prices. The investments are estimated at $100 billion to support the Venezuelan economy and create thousands of jobs. President Trump emphasized that the agreement does not impose costs on American taxpayers and contributes to promoting prosperity in Venezuela. Additionally, Caracas is exploring the possibility of withdrawing from OPEC, reflecting a move toward boosting production and strengthening energy security in the region.
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