Published Aug 29, 2026, 12:30 PM ET · Updated 2 months ago · 1 source

US-Venezuela oil deal aims to revitalize Venezuela's oil industry

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Original Report

The US, under Donald Trump, secured an agreement with Venezuela's interim president Delcy Rodriguez to develop a fifth of Venezuela's oil reserves, involving private US oil companies such as Chevron and Exxon Mobil, with the intention of revitalizing Venezuela's struggling oil industry and contributing to its economic recovery.