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US-Venezuela Oil Deal Unveiled | Adelaide News

US-Venezuela Oil Deal Unveiled | Adelaide News

Published 1 week, 1 day ago
Description

The U.S. is reportedly locking in a historic 25-year oil deal with Venezuela, aiming to tap into over 65 billion barrels of reserves and boost daily production by more than 1.5 million barrels—potentially doubling American reserves. While the pact promises economic revival for Venezuela by funneling $19 per barrel to its government, critics question its legitimacy under acting president Delcy Rodríguez, who took power after Maduro’s arrest. Experts warn massive infrastructure repairs, unclear funding, and political instability could delay or derail the plan, leaving U.S. energy giants hesitant to invest without clearer details.

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