The United States and Venezuela announced a historic agreement on Friday in which Washington will control more than 20% of Venezuela's crude oil reserves. ^[1] The Venezuelan Parliament voted on Tuesday to support the oil agreement announced by Caracas and Washington during an extraordinary session. ^[2] The Venezuelan National Assembly approved a qualified majority vote to support an energy agreement between the United States and Venezuela. ^[3] The agreement reportedly grants the US government economic control and governance over more than 65 billion barrels of oil reserves. ^[4] The agreement is projected to generate approximately 3.6 million direct, indirect, and additional jobs derived from oil activity. ^[5] The agreement is set to last for 25 years with an objective to produce an additional 1.5 million barrels of oil per day. ^[6] Miguel Pérez Abad indicated that the agreement will generate approximately 36 million direct, indirect, and additional jobs. ^[7] Miguel Pérez Abad, the legislator who presented the project, stated that the oil agreement is the most important in the last 100 years. ^[8] The deal aims to increase daily oil production by 1.5 million barrels. ^[9] Assembly President Jorge Rodríguez stated that the agreement has not been filed by the governments of the US and Venezuela and will be debated once signed. ^[10] Lawmaker Miguel Pérez Abad claimed the deal involves 65 billion barrels of oil reserves, representing 22% of proven reserves, while asserting that Venezuela retains ownership and sovereignty. ^[11] The specific content of the energy agreement has not been made public, and it was not read during the extraordinary session held on September 1. ^[12]