National·2h ago
Trump hails 'historic' deal for US to control 65bn barrels of Venezuela's oil
This is definitely a headline to help with oil prices," he said, but added: "What we don't know, is whether or not those reserves turn into actual investment, and how long that investment takes to produce results." Rachel Ziemba, from think tank The Center for New American Security, said the agreement could help spur job growth and imports in Venezuela, but there. The deal calls for the development of 17 strategic oil fields with a proven potential of 65 billion barrels, as well as "an investment of more than $100bn and more than $209bn in taxes" for Venezuela, Rodríguez said in a statement.
BBC World