President Trump has secured the biggest oil deal in world history , delivering U. S. majority control of more than 65 billion barrels of proven oil reserves in Venezuela – vastly expanding our current U. S. territorial proven reserves of roughly 46 billion barrels. President Trump’s bold foreign policy is driving America First wins: this deal greatly increases America’s oil reserves, dramatically bolsters our oil supply, and helps deliver lower gas prices for the American people—costing taxpayers nothing!
HERE’S WHAT YOU NEED TO KNOW: This deal secures our energy dominance for the next century—all at zero cost to the United States. The deal, signed by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, gives the U. S. government powerful governance rights, economic ownership, and guaranteed low-cost off-take from a new private Venezuelan oil champion, which will be the second-largest private oil company by reserves in the world. Millions of barrels of new Venezuelan output will be processed through U. S.
refineries and pumped with American rigs and infrastructure, supporting billions in investment in the United States and thousands of jobs here at home. This groundbreaking privatization and investment in Venezuela’s energy sector is a key step in the Trump Administration’s three-part plan of stabilization, reconstruction and democratic transition. Private-sector-led growth in production, output, and investment in Venezuela is a key precondition to driving continued reform and democratic transition following the incredible success of Operation Absolute Resolve.
The majority of the incremental oil fields to be operated by NABEP were previously controlled or operated by Russian and Chinese firms, or by corrupt cronies of Maduro and Chavez. These malign foreign actors looted Venezuela’s resources for the benefit of American adversaries like Cuba, Russia and China and failed to invest in Venezuela’s infrastructure or development. President Trump has re-established the Monroe Doctrine, purging…