US Reaches Agreement to Develop 17 Oil Fields in Venezuela
Curated and fact-checked based on official notices from the Ministry of Higher Education and university press offices.
The US has reached an agreement to develop 17 oil fields in Venezuela. 14:58 / 29.08.2026. The US has reached an agreement to control over 65 billion barrels of proven oil reserves in Venezuela.
This was announced by the US president on his Truth Social page. The agreement involves the transfer of control over more than 65 billion barrels of Venezuela's oil reserves to American hands. "The United States has just reached an agreement on the largest oil deal in world history with Venezuela," Trump wrote.
According to him, the agreements were reached with the participation of Secretary of State Marco Rubio and Pentagon chief Pete Hegseth, along with Venezuela's interim president Delsi Rodriguez and private business. Trump emphasizes that the agreement will not require any costs from American taxpayers.
The US will control Venezuelan oil.
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