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U.S. Secures Massive Venezuelan Oil Deal | Minneapolis News
Trump’s bold move secures U.S. majority control of Venezuela’s massive oil reserves—63 billion barrels—in a taxpayer-free deal with private partners, positioning the joint venture as the world’s second-largest oil owner after Saudi Aramco. With the U.S. holding 55% equity and rights to oil at cost, the plan aims to double American reserves, slash gas prices, and attract $100 billion in investment while rebuilding Venezuela’s economy. Though Chevron, Repsol, and Eni have lingered, skepticism remains over Venezuela’s troubled history with foreign oil investment—and whether this can revive its…
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