Washington: The United States and Venezuela have reached a major oil deal, which US President Donald Trump has described as the largest oil deal in history.
According to US President Trump, under this agreement, the United States will gain control over 65 billion barrels of proven oil reserves in Venezuela, which will significantly reduce oil and gas prices in the country for American citizens.
US Secretary of State Marco Rubio and Secretary of Defense Pat Hegseth reached this agreement with the interim Venezuelan government in partnership with private businesses.
US officials say that this deal will bring about $ 100 billion in private investment to the Venezuelan economy and double the US strategic oil reserves.
On the other hand, Venezuela’s interim leader Delcy Rodriguez also endorsed this historic agreement, calling it very important for the country’s economic recovery.
In a statement on social media, he said that the deal could bring the Venezuelan government more than $209 billion in tax revenue.
However, energy experts have also expressed some reservations about this unique agreement. Jorge Pinon, a senior researcher at the University of Texas Energy Institute, says that it is still unclear what the mechanism for transferring these oil assets will be and whether it is a purchase or a transfer of title.
It should be remembered that since the fall of Nicolas Maduro’s government in January, Venezuela has been operating under US pressure and close supervision. According to experts, the main purpose of this agreement is to provide a safe environment for US companies and improve Venezuela’s outdated infrastructure.
