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The Independent UK
The Independent UK
National
Collin Binkley and Juan Pablo Arraez

Trump’s deal gives the US access to vast oil reserves in Venezuela – what we know

Oil Venezuela Donald Trump United States Delcy Rodríguez Ricardo Hausmann The United States Chevron

The White House has offered little detail regarding what President Donald Trump has described as "THE BIGGEST OIL DEAL IN WORLD HISTORY" in Venezuela, beyond a single social media post.

Trump said the arrangement announced Friday night would give the United States a stake in Venezuela’s immense oil reserves.

It marks a step towards his goal of extracting energy from the country after US forces captured then-President Nicolás Maduro in a late-night raid in January and brought him to New York on federal drug trafficking charges.

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