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NPR

Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

Saturday, August 29, 2026


President Trump stated his administration reached an agreement with Venezuela regarding access to the country's oil reserves. Trump did not provide details about the terms, timeline, or current status of the arrangement. Venezuela holds approximately 65 billion barrels of proven oil reserves, the largest in the Western Hemisphere.

Original reporting: https://www.npr.org/2026/08/28/nx-s1-5948229/trump-says-u-s-has-entered-deal-with-venezuela-to-take-control-of-65-billion-barrels-of-oil-reserves

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