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The Economic Times
The Economic Times
Business

Trump administration weighs US ownership stake in Venezuela’s vast oil reserves: Report

United States Venezuela Oil Donald Trump Axios Nicolas Maduro

New York: President Donald Trump's administration is in talks with Venezuela's interim government about the United States taking an ownership stake in the South American country's vast oil resources, the news site Axios reported Thursday.

The discussions involve more than a dozen productive oil fields with 90 billion barrels of proven reserves -- about a third of Venezuela's total proven reserves of 300 billion barrels, the report said, citing two unnamed US officials.

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