President Trump announced what he called the “biggest oil deal in world history” — a pact that would give the U.S. a long-term controlling stake in nearly a quarter of Venezuela’s untapped oil reserves. - facebook.com
President Trump announced what he called the “biggest oil deal in world history” — a pact that would give the U.S. a long-term controlling stake in nearly a quarter of Venezuela’s untapped oil reserves. - facebook.com
Source: facebook.com
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DW NOTE
The U.S. does not have capital to deploy at scale in Venezuelan oil infrastructure, and Venezuela has no record of honoring long-term contracts with foreign partners. This is a headline, not a deal structure. Watch whether any American firm actually puts money at risk.