WorldPolitics
US to take majority control of Venezuela's oil wealth
The United States is set to take majority control of a large share of Venezuela's oil reserves, a move officials say would create the world's second-largest private oil company by reserves and secure American petroleum supplies for decades. President Donald Trump announced the arrangement, framing it as part of his Monroe Doctrine policy and a counter to China's influence.
The US is set to take majority control of a major portion of Venezuela's oil wealth in an unprecedented manoeuvre, officials said. The arrangement would create the world's second-largest private oil company by reserves and secure American petroleum supplies for decades to come, according to President Donald Trump, who made the announcement on Truth Social on Friday night. The move reflects his broader effort to establish US dominance over the Western Hemisphere and counter years of inroads by China, embracing the 19th-century Monroe Doctrine. Working with Venezuela's interim president, Delcy Rodríguez, a partnership with private business secured majority US control of more than 65 billion barrels of proven reserves in Venezuela, Trump said. A US official added that the country will control 5[the article cuts off here].
- Venezuela oil wealth
- US control Venezuela oil
- oil reserves
- Trump Venezuela oil announcement
- American petroleum supplies
From
WorldPolitics
US to take majority control of Venezuela's oil wealth
The United States is set to take majority control of a large share of Venezuela's oil reserves, a move officials say would create the world's second-largest private oil company by reserves and secure American petroleum supplies for decades. President Donald Trump announced the arrangement, framing it as part of his Monroe Doctrine policy and a counter to China's influence.
The US is set to take majority control of a major portion of Venezuela's oil wealth in an unprecedented manoeuvre, officials said. The arrangement would create the world's second-largest private oil company by reserves and secure American petroleum supplies for decades to come, according to President Donald Trump, who made the announcement on Truth Social on Friday night. The move reflects his broader effort to establish US dominance over the Western Hemisphere and counter years of inroads by China, embracing the 19th-century Monroe Doctrine. Working with Venezuela's interim president, Delcy Rodríguez, a partnership with private business secured majority US control of more than 65 billion barrels of proven reserves in Venezuela, Trump said. A US official added that the country will control 5[the article cuts off here].
- Venezuela oil wealth
- US control Venezuela oil
- oil reserves
- Trump Venezuela oil announcement
- American petroleum supplies
From