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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 ↗

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