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The Independent UK
The Independent UK
National
Regina Garcia Cano

Venezuelans’ pride is bruised by deal to give US one-fifth of their oil reserves

Oil Venezuela United States Delcy Rodríguez Hugo Chávez Donald Trump Nicolás Maduro PDVSA
The top photos of the day by AP's photojournalists - (Copyright 2026 The Associated Press. All rights reserved)

Nothing has shaped what it means to be Venezuelan today more than oil.

For more than 100 years, in good times and bad, Venezuelans’ identity has been built around the belief that their country’s bountiful oil resources belong to the people, not a government or a company.

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