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United States negotiates oil stake in Venezuela
The Trump administration is reportedly in discussions with Venezuela's interim government to acquire direct ownership stakes in key Venezuelan oil fields. These negotiations aim to secure equity in high-yield fields containing approximately 90 billion barrels of proven crude, a move that could more than double the United States' oil reserves.
One proposal being considered involves a 100-year lease of several oil fields. This strategic shift toward direct resource control in the Western Hemisphere comes as the U.S. Strategic Petroleum Reserve (SPR) has fallen to its lowest level since 1983, currently standing below 300 million barrels.
The potential deal follows the January operation that led to the capture of President Nicolas Maduro and the installation of a leadership more aligned with Washington. The move is seen as an evolution of the 'Energy Dominance' paradigm, seeking to provide a strategic hedge against global supply disruptions caused by conflicts in the Middle East and the Russia-Ukraine war.
Entities
Barbados · Delcy Rodríguez · Donald Trump · Mia Mottley · Nicolás Maduro · United States government · Venezuela · Venezuela Interim Government
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Discussions involve equity stakes in high-yield fields containing approximately 90 billion barrels of proven crude. www.oilandgas360.com
- [○ 1 SOURCE] One proposal under consideration involves a 100-year lease of several oil fields. www.infomoney.com.br
- [● 3 SOURCES] The United States is in discussions with Venezuela's interim government to acquire an ownership stake in its oil resources. www.ibtimes.com · www.oilandgas360.com · www.infomoney.com.br
- [○ 1 SOURCE] The proposed deal could more than double the United States' oil reserves. www.ibtimes.com
- [○ 1 SOURCE] The U.S. Strategic Petroleum Reserve fell below 300 million barrels, its lowest level since January 1983. www.ibtimes.com