The U.S. doesn’t have a state-owned oil giant. But in Venezuela, the federal government will control a company with the world’s 2nd largest reserves

The federal government will hold a 55% stake in the company, consisting of equity ownership and oil production.

A drop in U.S. gas prices should not be expected immediately. Experts say repairing and expanding Venezuela's oil infrastructure will take years and require billions of dollars.

Acting President Delcy Rodríguez's government in a statement said the deal involves the development of 17 fields with a proven potential of 65 billion barrels.

President Donald Trump has set out an unprecedented plan for the US to take charge of a fifth of Venezuela's extensive oil reserves. The move relies on American firms restoring the OPEC member's struggling energy sector, while providing additional crude to lower US fuel costs.Giving little specific detail on the arrang

President Donald Trump on Friday announced an unprecedented US push ​to take control of a fifth of Venezuela's vast oil reserves, betting that American companies can revive the OPEC nation's battered energy industry while delivering a new source of crude to help bring down US fuel prices.

President Donald Trump said Friday night the United States has reached an oil agreement with Venezuela, a move he said will “more than double” American oil reserves, increase oil supply and lower gas prices. “At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly

Trump has long been candid about his desire for the US to secure Venezuelan oil and has urged oil companies to invest in the South American nation.

WASHINGTON (AP) -- President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the

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.

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.

President Trump says his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country's untapped oil reserves, at cost.

The United States has struck a deal with Venezuela to secure "majority US control" of more than 65 billion barrels of Venezuelan oil, according to Donald Trump.

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

U.S. to Take Control of Much of Venezuela’s Proven Oil Reserves  WSJ

The US president touts “the biggest oil deal in world history” six months on from the start of the Iran war, which sent energy prices spiralling.

The US president touts “the biggest oil deal in world history” six months on from the start of the Iran war, which sent energy prices spiralling.

President Donald Trump announced Friday that the U.S. had entered into an agreement with Venezuela to take control of the country’s 65 billion barrels of oil reserves.

President Trump said Friday evening that there will be “majority U.S. control” of a large swath of Venezuela’s oil reserves.  “BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote in a post on Truth Social. 

President Donald Trump on Friday said the US has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defence Secretary Pete Hegseth and Venez

Donald Trump says the US reached an agreement for control of over 65 billion barrels of Venezuelan oil. : Jose Bula Urrutia/UCG/Universal Images Group via Getty Images Trump says the US secured "majority control" of over 65 billion barrels of Venezuelan oil. The White House has not released the agreement or disclosed

The announcement of the deal comes nearly nine months after the U.S. military at Trump's direction carried out an operation to capture Venezuela's president Nicolás Maduro and spirit him to the United States to face federal narcoterrorism and drug trafficking charges.

The announcement comes nearly nine months after the U.S. military at Trump’s direction carried out an operation to capture Venezuela’s president

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

Trump Says Venezuela Has Agreed To Give U.S. Control Of Massive Oil Reserves  HuffPost

Trump says US reaches deal with Venezuela to control 65 billion barrels of country’s oil reserves  CNN

Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves  AP News

Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves  Toronto Star

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