As part of the deal, the U.S. is creating a private company as a joint venture with North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt.

President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven…

A White House official said the agreement would give the United States a 55% effective output stake in a new private joint venture. | World News

US President Donald Trump announced a landmark oil deal with Venezuela, following a U.S

Announcement followed weeks of US Venezuelan negotiations