Brief
U.S. President Donald Trump said his country had reached what he called the largest oil agreement in history with Venezuela. According to Trump, the arrangement would grant the United States majority control over more than 65 billion barrels of Venezuelan reserves. The claim points to a potentially sweeping change in control of the country’s core petroleum assets, though the source provides no further terms or implementation details.
If implemented as described, majority U.S. control over more than 65 billion barrels would radically reshape the governance and investment outlook for Venezuela’s oil sector. For allocators, the key distinction is whether this is a binding, enforceable transaction or a political announcement without operational effect.
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Oil And Gas · BBC Mundo
Aug 29, 2026
Watch for publication of an agreement or official Venezuelan confirmation specifying the legal structure, assets covered, control rights and implementation timetable.