Trump said the US government has reached a deal to secure 65 billion barrels of oil reserves in Venezuela

Aug 29, 2026 06:36 AM - 2 hours ago 3

Lagunillas, Zulia, Venezuela. April 28, 2026. Oil pumping hammers are seen successful the lipid field, painted pinch the colors of the Venezuelan flag. Dozens of families unrecorded successful houses that were fixed to them by the lipid company, and which, owed to the extraction of crude lipid adjacent the Campo Alegria urbanization, person been collapsing, owed to the fracking that they

Donald Trump says the US reached an statement for power of complete 65 cardinal barrels of Venezuelan oil. : Jose Bula Urrutia/UCG/Universal Images Group via Getty Images

Donald Trump said the US has secured mostly power of much than 65 cardinal barrels of Venezuelan oil.

In a station connected Truth Social connected Friday, Trump said the US has reached "THE BIGGEST OIL DEAL IN WORLD HISTORY" pinch interim Venezuelan President Delcy Rodríguez and backstage companies, and that the statement would travel "at nary costs to the American Taxpayer."

"This Historic Transaction MORE THAN DOUBLES American Oil Reserves," Trump wrote, adding that it would substantially little state prices.

The White House has not released the statement aliases explained which companies are participating, really "control" is defined, aliases really quickly the lipid could scope world markets.

The announcement follows the seizure of Nicolás Maduro successful January and Trump's push for American lipid producers to rebuild Venezuela's deteriorated power industry. Trump antecedently said companies would walk astatine slightest $100 cardinal connected the effort.

According to the US Energy Information Administration, Venezuela has the world's largest proven crude lipid reserves, astatine astir 303 cardinal barrels. But years of underinvestment, sanctions, and governmental instability person gutted its accumulation capacity.

"A tremendous magnitude of money will person to beryllium spent," Trump antecedently told NBC News successful an question and reply successful January, pointing astatine his plans to extract lipid successful Venezuela, "And the oil companies will walk it, and past they'll get reimbursed by america aliases done revenue."

The White House did not instantly respond to a petition for comments.

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