Explained: Trump's Deal Giving US Access To Vast Oil Reserves In Venezuela

Donald Trump said the agreement announced Friday night would give the United States a stake in Venezuela's vast oil reserves.

Trump's deal gives the United States a stake in Venezuela’s vast oil reserves - but what does that actually mean?

The answers to questions such as how soon the reserves could be drilled and who will pay to make it happen were not immediately clear. No text of any agreement has been released.

In a post on social media, Trump said the agreement is “THE BIGGEST OIL DEAL IN WORLD HISTORY”

There's a lot that's not immediately clear about President Donald Trump's deal giving the United States a stake in Venezuela’s vast oil reserves

What we know about Trump’s deal giving US access to vast oil reserves in Venezuela  AP News

Trump says US is taking partial control of Venezuela's vast oil reserves, but offers few details about agreement  Dawn

An analyst says it's unclear whether a US government lease would have a legal basis under Venezuela's constitution and its new hydrocarbons law, adding that there is 'no precedent'

Rubio says deal will boost investment in Venezuela, curb US gasoline prices

Donald Trump has said the US has entered into an agreement with Venezuela to take control of a fifth of the country's oil reserves.

U.S. President Donald Trump on Friday said the U.S. had entered into an oil agreement with Venezuela.

Trump announces sweeping US grab for control of Venezuela's vast oil reserves  Reuters

Secretary of State Marco Rubio said the deal would bring nearly $100 billion in private investment to Venezuela.

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