Venezuelan interim president offers details on US oil deal

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Trump announces major oil deal with Venezuela | NewsNation

Trump announces major oil deal with Venezuela | NewsNation

Venezuelan interim President Delcy Rodríguez on Saturday provided details on her country’s new oil deal with the U.S., after President Trump said much of Venezuela’s oil reserves will be under “majority U.S. control.”

“This 25-year bilateral project envisages the development of 17 strategic oilfields with a production ​target of more than 1.5 million barrels per day,” Rodríguez said on state TV outlet VTV in a late-night address. “That ⁠figure relates solely to the bilateral agreement between Venezuela and the United States.”

Rodríguez hailed the deal as “historic,” adding that it will revive Venezuela’s economy and increase government revenue.

“The agreement is based on a very simple premise,” she said. “Each party contributes what it does best. Venezuela contributes oil, its industry and the experience of its workers accumulated over more than 100........

© The Hill