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Tuesday, September 1, 2026 · UTC
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US Energy Secretary to Unveil Controversial 65-Billion-Barrel Oil Deal in Venezuela

US Energy Secretary Chris Wright will travel to Venezuela to unveil a controversial oil arrangement granting US access to 65 billion barrels.

TruthFoundry News Desk
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Stands on 7 placed sources from 2 publishers.
As of 2026-09-01 22:34 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
The deal grants the US effective control of a large portion of Venezuela's oil reserves, specifically access to 65 billion barrels of proven oil reserves, which is about one-fifth of the country's total. [1] US Energy Secretary Chris Wright is set to travel to Venezuela on Tuesday to unveil the arrangement. [2] Venezuela's National Assembly voted to back a 65-billion-barrel oil deal despite no details being publicly released. [3] The Venezuelan parliament approved a planned oil agreement with the United States on September 2, 2026. [4] Jorge Rodriguez, president of the Venezuelan National Assembly, announced that the support for the binational energy carrier agreement was accepted following a vote by hand signal. [5] The agreement is scheduled for signing on Wednesday, granting the United States control over approximately one-fifth of Venezuela's oil reserves. [6] US President Donald Trump announced the oil agreement on Friday, which follows the lifting of sanctions against Venezuela's oil sector after the arrest of former President Nicolas Maduro by US soldiers. [7]
What this stands on
  1. The deal grants the US effective control of a large portion of Venezuela's oil reserves, specifically access to 65 billion barrels of proven oil reserves, which is about one-fifth of the country's total. · Al Jazeera
  2. US Energy Secretary Chris Wright is set to travel to Venezuela on Tuesday to unveil the arrangement. · Al Jazeera
  3. Venezuela's National Assembly voted to back a 65-billion-barrel oil deal despite no details being publicly released. · Al Jazeera
  4. The Venezuelan parliament approved a planned oil agreement with the United States on September 2, 2026. · DIE ZEIT
  5. Jorge Rodriguez, president of the Venezuelan National Assembly, announced that the support for the binational energy carrier agreement was accepted following a vote by hand signal. · DIE ZEIT
  6. The agreement is scheduled for signing on Wednesday, granting the United States control over approximately one-fifth of Venezuela's oil reserves. · DIE ZEIT
  7. US President Donald Trump announced the oil agreement on Friday, which follows the lifting of sanctions against Venezuela's oil sector after the arrest of former President Nicolas Maduro by US soldiers. · DIE ZEIT
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