Trump Venezuela Oil Deal Could Unlock $200 Billion and Expand US Energy Supply
By Michael Sinkewicz | FOX Business
Secretary of State Marco Rubio called the agreement a 'huge win' that could bring nearly $100B in private investment.
Venezuelan interim President Delcy Rodriguez on Saturday touted a "historic" oil agreement with the United States announced by President Donald Trump.
Speaking during an evening address, Rodriguez celebrated the agreement, saying it would help revive Venezuela's economy. She said the deal would remain in effect for 25 years and initially target crude production of more than 1.5 million barrels per day while preserving the South American country's sovereignty over its natural resources.
"This 25-year bilateral project envisages the development of 17 strategic oilfields with a production target of more than 1.5 m...