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US-Venezuela energy pact: What we know about Trump’s ‘biggest oil deal in world history’

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August 30, 2026
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In a landmark move, the United States and Venezuela have forged a 25-year energy partnership designed to uplift Venezuela’s ailing oil sector and enhance production capabilities. Under this agreement, rights to unexplored oil reserves will be held for a century, with the U.S. claiming fifty-five percent of the new venture’s output. This collaboration promises to inject significant investments and generate tax income for Venezuela.

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