US secures long-term Venezuelan oil access
The Trump administration is negotiating with the interim Venezuelan government a deal that would allow the United States to obtain a share of the country's large oil reserves, estimated at around 90 billion barrels, through the development of oil fields in the Orinoco Belt, in exchange for long-term American investments. The agreement aims to enable U.S. companies to develop the fields and increase production, ensuring long-term oil supplies, while the legal and commercial aspects are still under discussion. An announcement is expected soon. The negotiations focus on private sector participation and revenue sharing, in an effort to boost Venezuelan oil production and achieve mutual benefits for both countries.
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