Historic 25-Year Oil Agreement Between US and Venezuela Unveiled
By Editor • August 30, 2026 • 1 min read
In a landmark agreement that has captured global attention, the United States and Venezuela have finalized a monumental 25-year oil deal, which US President Donald Trump has dubbed as “the biggest oil deal in world history.”
Under this ambitious pact, Venezuela will maintain control over its vast oil reserves, which total approximately 65 billion barrels. Venezuela’s interim president emphasized the importance of preserving the country’s sovereignty and ownership of its resources during a recent televised address.
This agreement is poised to significantly bolster Venezuela's oil industry while ensuring that the nation retains authority over its valuable assets. Rachael Griffiths reports on this groundbreaking development.
Source: www.france24.com
