Venezuela’s interim president addresses US oil deal

Caracas will retain control of the resources under the ‘historic’ deal with Donald Trump, Delcy Rodriguez says Venezuela maintains control over its oil resources under a new agreement with the US granting Washington significant access to the country’s proven crude reserves, acting President Delcy Rodriguez said on Saturday.US President Donald Trump claimed earlier in the week that Washington had secured “majority” control of Venezuela’s proven oil reserves “at no cost to the American Taxpayer.” In a post on Truth Social, he declared the transaction “THE BIGGEST OIL DEAL IN WORLD HISTORY,” claiming that it “MORE THAN DOUBLES American Oil Reserves.”The “historic” 25-year deal with Washington provides for the development of 17 strategic oil fields holding 65 billion barrels of Venezuela’s proven crude reserves and aims to revive the Latin American country’s energy industry, Rodriguez said in a televised address.“Something must be made absolutely clear: Venezuela retains ownership and sovereignty over its resources while using capital, technology and operational capacity to support the recovery of a strategic industry that has been severely affected by sanctions,” the acting president ...