Trump: US Secures 'Majority Control' of Over 65 Billion Barrels of Venezuela's Oil Reserves

On August 29, U.S. President Trump announced on social media on the 28th that the United States has reached an agreement with Venezuela to gain "majority control" of over 65 billion barrels of Venezuela's proven oil reserves.

Trump said that through collaboration between the U.S. and Venezuela, and via partnerships with private enterprises, the U.S. has obtained "majority control" of more than 65 billion barrels of Venezuela's proven oil reserves, with no cost borne by American taxpayers. Trump stated that this deal "will more than double U.S. oil reserves, significantly boost oil supply, and substantially lower U.S. gasoline prices for a long time to come." However, Trump did not disclose the specifics of the agreement, and the White House has yet to release an official statement. (Xinhua)

[TechFlow]