US energy firms signed a series of multi-billion-dollar deals with Venezuela on Wednesday, days after the South American country agreed to grant Washington control of a huge chunk, roughly one-fifth, of its vast oil reserves.
US Energy Secretary Chris Wright travelled to Venezuela’s capital Caracas to oversee the signing of deals worth "tens of billions of dollars of investment," seen as a quid pro quo for Washington winning majority control of 65 billion barrels of Venezuelan oil reserves.
