The United States and Venezuela have sealed a landmark 25-year oil agreement covering 65 billion barrels, which President Trump hailed as "the greatest oil deal in history." Venezuelan interim leadership assured citizens that the country will maintain full sovereignty and control over its oil resources under the accord.
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US President Donald Trump has called it “the biggest oil deal in world history”, while Venezuela’s interim president has assured the public that the country will retain control of its oil under the agreement. The “historic” 25-year deal with Washington involves 65 billion barrels of Venezuelan oil and aims to allow the country to develop its oil industry while preserving “ownership of and sovereignty” over its resources, Rodriguez said in a televised address. Rachael Griffiths has more.