Trump has made an agreement to "double" his reserves in Venezuela, and Delcy Rodriguez applauds him
The US president has called it "the world's largest oil deal," and the Venezuelan president has thanked him for strengthening cooperation.
U.S. President Donald Trump announced on Saturday the signing of the "world's largest oil deal" with the Venezuelan government, with which he hopes to double U.S. reserves there and lower fuel prices.
"The United States has just signed an agreement with Venezuela, the world's largest oil deal! Under my leadership, Secretary of State Marco Rubio and Secretary ofWar Pete Hegseth, in collaboration with Venezuela's interim president, Delcy Rodriguez, and in partnership with the private sector, the United States has secured control of more than 65 billion barrels of oil that will not cost US citizens, "the US president said in a social media release.
Trump has thus confirmed that this pact will " double oil supply reserves " and "significantly reduce" fuel prices in the long run. With this announcement, the Republican leader focuses on rising fuel prices, an issue that is punishing the pockets of American families and marking national economic debate.
Trump has also said that this pact will enable "Venezuela to continue to achieve immense success and prosperity," and that the relationship between its government and that of Venezuela is strengthened.
On the other hand, Rubio has stressed that the agreement between Caracas and Washington "will bring nearly $100 billion (about €86 billion)in private investment "and" will protect thousands of well-paid jobs and boost the reconstruction of the Venezuelan economy. "Delcy Rodriguez called it a "historic deal."
Venezuelan President Delcy Rodriguez confirmed on Friday the signing of a "historic agreement" with the United States and thanked Trump and Rubio for their readiness to forge an alliance that has marked "a historic milestone in bilateral relations."
Rodriguez has explained that the agreement envisages the development of 17 strategic areas with "65 billion barrels of oil, an investment of more than $100 billion and more than$ 209 billionin taxes to the state. "
This is supposed to make it easier to get the money needed to " restore and rebuild the strategic infrastructurefor the development "of the hydrocarbon industry in the South American country.
According to Rodriguez, the aim is to stabilize the process of "power in energy production" by "directing these large reservestowards national development, job creation, income growth for workers and the well-beingof Venezuelans ".
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