US Secures 100-Year Control of Key Venezuelan Oil Fields in Historic Deal
A sweeping agreement gives the United States direct control over a fifth of Venezuela's oil reserves, reshaping global energy politics and triggering debate over its impact on prices and Venezuelan sovereignty.
Read the full story → · Latest coverage 2 Sept 2026, 6:51 pm UTC
Key moments · 6
Venezuela grants US firm 100-year concessions for oil fields
CNBC International ↗Trump announces historic US-Venezuela oil deal for 65 billion barrels
Bloomberg ↗NABEP to pay $200 billion in royalties and taxes to Venezuela
Mint ↗US troops backed removal of Maduro amid oil negotiations
BBC News ↗Chevron pledges $7 billion to double Venezuela oil output
Financial Times World ↗US signs deal to control a fifth of Venezuela's oil reserves
Al Jazeera ↗


















