Speaking at the Republican National Convention, US President Trump said Venezuela’s oil — put at about 65 billion barrels — is “ours” and could supply the US for 500 years. The US and Venezuela announced a deal to introduce investment and boost Venez

2026-09-10

Speaking at the Republican National Convention, US President Trump said Venezuela’s oil — put at about 65 billion barrels — is “ours” and could supply the US for 500 years. The US and Venezuela announced a deal to introduce investment and boost Venezuelan output through joint development of 17 strategic fields with proven potential of ~65 bln bbl. Venezuelan representative Delcy Rodriguez said the alliance will allow private operators to participate; planned investment exceeds $100bn and is expected to generate more than $200bn in tax revenue for Venezuela.