The US will control 55% of output from the new oil company in Venezuela

Saturday, August 29th 2026 - 04:58 UTC

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US President Donald Trump announced on Friday an agreement with Venezuela's interim government granting Washington majority control over more than 65 billion barrels of proven Venezuelan crude reserves, around 21% of the country's total. Acting president Delcy Rodríguez confirmed the deal. Read full article

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