Trump donor Harold Hamm’s oil company announces Venezuela deal
Summary
Harold Hamm’s oil company, Continental Resources, announced a deal with Venezuela’s state oil company to drill for oil in a large area called the Orinoco Belt. This agreement could allow Continental Resources to operate on 126,000 acres in Venezuela.Key Facts
- Continental Resources is owned by Harold Hamm, who is a donor to President Trump.
- The company signed a memorandum of understanding with Venezuela’s state-run oil firm.
- The agreement covers a 126,000-acre area in the Orinoco Belt, which is rich in oil.
- This deal gives Continental Resources the right to explore and drill for oil in this region.
- The announcement was made on a Wednesday, according to a press release.
- The Orinoco Belt is known for its large oil reserves.
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