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Trump announces deal to take control of 65 million barrels of Venezuela's oil preserves

Trump announces deal to take control of 65 million barrels of Venezuela's oil preserves

Summary

President Donald Trump announced a deal to gain majority control of over 60 billion barrels of proven oil reserves in Venezuela. This agreement involves significant access to Venezuela's large oil resources.

Key Facts

  • President Trump announced the deal publicly.
  • The deal gives majority control of Venezuela’s oil reserves.
  • The reserves involved are more than 60 billion barrels.
  • Venezuela has one of the world’s largest proven oil reserves.
  • The announcement was covered by CBS News.
  • Amy Jaffe, an expert in energy and sustainability, discussed the deal on CBS News.
  • The deal could influence global energy markets and politics.
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