President Donald Trump on Friday announced what he described as an unprecedented US push to secure majority control of more than 65 billion barrels of Venezuela’s proven oil reserves, as Washington seeks to revive the OPEC member’s battered energy industry and secure additional crude supplies for US refineries.
Trump provided few details about the arrangement, saying the US had secured majority control of the reserves through a partnership with private businesses.
Venezuela’s interim leader, Delcy Rodriguez, welcomed the agreement, saying it would boost production, economic growth and government revenue.
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