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US and Venezuela Ink Historic Oil Deal | Pakistan News
The U.S. and Venezuela have reportedly struck a historic oil deal controlling over 65 billion barrels of reserves—possibly the largest ever—aimed at doubling U.S. reserves and slashing gas prices, all without taxpayer cost. President Biden praised key officials including Marco Rubio and Pete Hegseth for negotiating with Venezuela’s acting president Delcy Rodriguez, who sees it as a lifeline to rebuild her nation’s energy sector, attracting $100B in private investment and $209B in tax revenue. But hurdles loom: Venezuela’s strict resource laws may require constitutional changes to make the…
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