Brief
The Trump administration is reportedly negotiating with Delcy Rodríguez’s interim administration to acquire stakes in more than 12 Venezuelan oil fields. US sources cited by Axios said the proposed arrangement would provide access to crude in the country with the world’s largest oil reserves. According to the report, the volumes involved could more than double US oil reserves. No final agreement or detailed commercial terms were disclosed in the source item.
A formal US stake across multiple fields would mark a significant bilateral commercial opening in Venezuela’s core industry and could alter perceptions of sanctions, political and contract risk. However, the absence of confirmed terms leaves major uncertainty over ownership, operating control and implementation.
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Oil And Gas · Runrun.es
Aug 27, 2026
Watch for official confirmation from either administration, identification of the fields, the proposed ownership percentages, and any licensing or contractual framework governing US participation and oil extraction.