Source: euronews [EU]
“The White House has published the terms of its Venezuela oil deal, naming the private company at its centre and confirming Washington’s majority control of more than 65 billion barrels, as President Trump vowed the US would be taking ‘all’ of it. … Venezuela’s interim authorities have granted NABEP 100-year concessions over 17 fields with the agreement signed by US Secretary of State Marco Rubio and US Secretary of War Pete Hegseth. The Venezuelan reserves dwarf America’s own, as the 65 billion barrels covered by the concessions compare with roughly 46 billion across US territory. Speaking in the Oval Office on Monday, US President Donald Trump called the reserves ‘unbelievable value that was sitting dormant’ and added that the US is ‘going to be taking all of that. We’re going to be taking that oil out.'” (09/01/26)