India, Sept. 1 -- In a major international oil deal that opens the vast oil reserves of Venezuela to the United States, President Donald Trump announced that his administration has secured U.S. majority control of more than 65 billion barrels of oil reserves in Venezuela.
The deal, vastly expanding the current U.S. territorial proven reserves of roughly 46 billion barrels, secures the United States' energy dominance for the next century. The deal, signed by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, gives the U.S. government powerful governance rights, economic ownership, and guaranteed low-cost off-take from a new private Venezuelan oil company, North American Blue Energy Partners.
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