The US Is Set to Control Roughly a Fifth of Venezuela’s Oil Reserves
The venture gets 100-year rights to 17 fields holding 65 billion barrels as Venezuela seeks investment for its battered oil industry.
7 Articles
7 Articles
The Times-Tribune
The IndependentUS-Venezuela oil deal and other top photos from Latin America and the Caribbean
U.S. Energy Secretary met with Venezuela’s acting president during a visit focused on expanding U.S. access to the country’s vast oil reserves. Meanwhile, Buenos Aires hosted the Tango World Dance Championship.
Proud of Their Oil, Venezuelans View US Stake in Their Reserves as a Surrender
CARACAS, Venezuela (AP) — Nothing has shaped what it means to be Venezuelan today more than oil. For more than 100 years, in good times and bad, Venezuelans’ identity has been built around the belief that their country’s bountiful oil resources belong to the people, not a government or a company. This belief, and a troubled nation’s pride, took a bruising last week when acting President Delcy Rodríguez agreed to give the United States control of…
Clarin
Independent EspañolThe delivery of oil reserves to the US generates skepticism in Venezuela, where crude oil has been key in its identity and economy for decades.A joint venture with an American company seeks to revitalize the industry, but many fear that the agreement will be a surrender rather than a solution.
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