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Trump hails ‘historic’ deal for US to control 65bn barrels of Venezuela’s oil

By GhanaSummary Newsroom1 min read
Trump hails ‘historic’ deal for US to control 65bn barrels of Venezuela’s oil

The US has reached a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, President Donald Trump announced."This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans," Trump posted on social media.

The deal would appear to be wider in scope than the US-led Coalition Provisional Authority's control over Iraq's oil revenues after Saddam Hussein was ousted in an American-led invasion in 2003.

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