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Latin Times
Latin Times
Business
Mateo Moreno

Is the US-Venezuela Oil Deal for 25 Years or 100? Here's What's Actually Been Signed

Oil rigs are pictured in Cabimas, south of Lake Maracaibo, Zulia State, Venezuela, on January 31, 2026. (Credit: Photo by Maryorin Mendez / AFP via Getty Images)

Nearly a week after President Trump called it "the biggest oil deal in world history," the two governments behind it still haven't agreed on how long their new arrangement actually runs. The White House filled in several missing pieces on Monday, naming the private company that will operate on Washington's behalf and disclosing terms it had kept quiet since Friday's announcement. What didn't get resolved is the question that's been circulating through Doral since the weekend: is this a 25-year deal, or a 100-year one? And there's a second question worth asking now too, given who's actually running that private company.

What's actually been signed

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