CARACAS, Aug 29 — Caracas on Friday confirmed that Venezuela had signed a major oil deal with the United States, giving Washington majority control of 65 billion barrels of proven petroleum reserves.
The “historic” agreement would “have a significant impact on the rebirth of our nation,” interim leader Delcy Rodriguez wrote on social media, hailing a potential investment of “more than US$100 billion (RM394 billion) and more than US$209 billion (RM824 billion) in tax revenue for the State.” — AFP
Date: 29 August, 2026 11:20 am
Source: Malay Mail
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