this post was submitted on 29 Aug 2026

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Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves (apnews.com)

submitted 4 days ago by KoalaUnknown@lemmy.world to c/news@lemmy.world

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[–] justOnePersistentKbinPlease@fedia.io 5 points 4 days ago (1 child)

Also, as CBC pointed out this morning, this is basically the same annoucement he did when the US first took Venezeula.

Since then, apparently none of the oil companies have moved into Venezeula, so this might be an attempt to get any traction there.

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[–] uzername@lemmy.world 2 points 4 days ago* (1 child)

"Venezuela's oil exports fell slightly to 1.16 million barrels per day in July from 1.2 million bpd the previous month as the country drained fewer inventories, but exports to the U.S. jumped to some 786,000 bpd, the highest since early 2019, shipping data showed on Monday." https://www.reuters.com/business/energy/venezuelas-oil-exports-fell-slightly-july-cargoes-us-rose-2026-08-03

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[–] justOnePersistentKbinPlease@fedia.io 1 point 4 days ago

No new projects are shovel in dirt.

Lots of promises and deals in thr making with Venezeula

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