Venezuela's National Assembly Approves Oil Deal With the United States
The accord grants US control over 17 oil fields with an estimated potential of 65 billion barrels, according to Le Nouvelliste.
Venezuela's National Assembly, where the government holds an absolute majority, approved on Tuesday what officials described as a "historic" oil agreement with the United States, according to Le Nouvelliste. Under the deal, the United States would control 17 oil fields, an arrangement described as opaque by parts of Venezuelan civil society, the outlet reported.
The oil accord was presented as "historic" by US President Donald Trump on Friday and confirmed the following day by Ms. Rodriguez, according to the report. It allows the United States to exploit 17 Venezuelan oil fields with a production potential estimated at 65 billion barrels.
Le Nouvelliste reported that Venezuela considers it stands to gain from the arrangement, though the full text of the article detailing those terms was not available in the provided excerpt. Critics within civil society have questioned the transparency of the agreement, the outlet said.
Further details on implementation, timelines and revenue-sharing were not specified in the available source material. The report did not indicate whether additional legislative or regulatory steps remain before the deal takes effect.