U.S. and Venezuela Strike 25-Year Oil Deal for Strategic Reserve
The United States and Venezuela have finalized a 25-year agreement that grants American companies majority control over Venezuelan oil production to help refill the Strategic Petroleum Reserve. The deal marks a significant shift in bilateral energy relations and sanctions policy.
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U.S., Venezuela energy deal will last 25 years, says interim President Rodríguez
She said that the country will retain ‘ownership of and sovereignty’ over its natural resources
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