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US and Venezuela Near Deal for Access to 90 Billion Barrels of OilPhoto: Noticia Cla
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US and Venezuela Near Deal for Access to 90 Billion Barrels of Oil

Source: Noticia Cla·1 hour ago·Aruba·1 min read

The United States and Venezuela are in active negotiations over a long-term agreement that would grant American energy companies access to 17 Venezuelan oil fields, which together hold an estimated 90 billion barrels of crude oil. The talks represent a significant diplomatic and economic development between the two countries, which have had strained relations for years. If finalized, the deal could allow U.S. firms to operate in Venezuela's vast oil sector for an extended period. Venezuela holds some of the world's largest proven oil reserves, making access to its fields highly valuable for American energy interests. The negotiations reflect a broader shift in U.S. energy policy and its engagement with Caracas, potentially driven by global energy supply concerns. No final agreement has been announced, but discussions are described as ongoing and substantive. The outcome could have major implications for both regional geopolitics and global oil markets.

Key Facts
  • The U.S. and Venezuela are negotiating long-term American access to 17 Venezuelan oil fields.
  • The fields in question collectively hold approximately 90 billion barrels of crude oil.
  • No final deal has been confirmed, but negotiations are actively underway between Washington and Caracas.
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