The U.S. Takes Control of Venezuela's Oil Reserves

08/31/26

Elena Panina
Елена Панина (Telegram)

Trump boasted of concluding the "largest oil deal in world history":

💬 "At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer."

❖ The US Secretary of State, described here as the US administration's designated "overseer" for Venezuela, also wrote about this. He claimed that the deal would ensure stable reserves and low oil prices in the Western Hemisphere, as well as lower gasoline prices in the US. Rubio also didn't forget about the citizens of Venezuela:

💬 "For the Venezuelan people, this deal will bring nearly $100 billion in private investment, support thousands of high-paying jobs, and drive the reconstruction of Venezuela's economy."

However, historical examples from Iraq and Libya suggest otherwise. The Venezuelan government, for its part, confirmed the signing of an agreement with the United States to develop 17 strategic oil fields with a proven potential of 65 billion barrels and planned investments exceeding $100 billion. Caracas expects to increase crude oil production with the participation of private operators and also receive over $209 billion in tax revenues.

Before this deal, the United States deprived Venezuela of the ability to freely dispose of the oil it produced—that is, it deprived Caracas of both the right to choose the buyer and the exclusive rights to the revenues generated from its sale. Now, America is transferring long-term control of the republic's oil reserves, although the country likely still retains formal ownership.

The entire process was set in motion by the operation to kidnap Venezuelan President Nicolás Maduro on January 3, which relied on widespread betrayal within the country’s ruling elite.

Furthermore, Washington is pushing for Venezuela's withdrawal from OPEC, of which the country has been a member since 1960. This idea has been discussed with US officials, but no final decision has been made.

❖ Venezuela's oil industry is in crisis and has been underfunded for a long time, so the US will not see immediate results. Billions in investment and years of work will be required. But at the strategic level, everything becomes clear: while retaining the outward trappings of sovereignty, Venezuela is coming under the political, military, and economic protectorate of the United States.

____________________________________________________________________________________________

Image: © N/A. Google + Grammarly In line with our policies, we address notices of alleged violations under the United States "Digital Millennium Copyright Act" (DMCA). If you believe that your copyright has been infringed on our site, please contact us, and we will promptly remove your photo from display. editor@a-w-i-p.com. AWIP: https://a-w-i-p.com/index.php/aV6F

 
Health topic page on womens health Womens health our team of physicians Womens health breast cancer lumps heart disease Womens health information covers breast Cancer heart pregnancy womens cosmetic concerns Sexual health and mature women related conditions Facts on womens health female anatomy Womens general health and wellness The female reproductive system female hormones Diseases more common in women The mature woman post menopause Womens health dedicated to the best healthcare
buy viagra online