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US Not 'Stealing Venezuelan Oil,' Energy Secretary Insists

Wright said the oil deal would revive idle reserves and fund reforms as Venezuela prepares for elections, with Caracas projecting $209 billion over 25 years.

US Energy Secretary Chris Wright on Wednesday dismissed claims that Washington was "stealing Venezuelan oil" after the South American nation granted its northern neighbor access to a huge chunk of its natural resources.

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U.S. Secretary of Energy Chris Wright has confirmed that Venezuelan resources and oil belong to the Venezuelan people, denying Washington's quest for "the theft of Venezuelan oil."

·Syrian Arab Republic (the)
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SIC NotíciasSIC Notícias
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Chris Wright defended an agreement in which Venezuela began to take advantage of an asset "unused, which renders nothing to the Venezuelan people", he announced contracts for energy and hydrocarbons and stressed the need to stabilize the country before the elections.

·Lisboa, Portugal
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The Secretary of Energy of the United States denied on Wednesday that the country is " stealing Venezuelan oil", after criticism of the "historic" agreement between the two nations, which includes the exploitation of 20% of Venezuela's reserves. The President of the United States, Donald Trump, announced on August 28 that he had reached an agreement with Caracas, by which Washington will assume the majority control of more than 65 billion barrel…

·Rio de Janeiro, Brazil
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The Straits TimesThe Straits Times
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US not ‘stealing Venezuelan oil’, energy secretary insists

Chris Wright also stressed the importance of fixing Venezuela’s electricity sector. Read more at straitstimes.com.

·Singapore, Singapore
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The Epoch Times broke the news in New York, United States on Wednesday, September 2, 2026.
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