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US-Venezuela energy pact: What we know aboutTrump’s ‘biggest oil deal in world history’

This story summarizes reporting from Times of India. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

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SHIVANGHI PAYAL30 Aug 2026, 02:40 amUpdated 13h ago1 min readIndiaIndia

India — SHIVANGHI PAYAL

US-Venezuela energy pact: What we know about Trump’s ‘biggest oil deal in world history’

In a landmark move, the United States and Venezuela have forged a 25-year energy partnership designed to uplift Venezuela's ailing oil sector and enhance production capabilities. Under this agreement, rights to unexplored oil reserves will be held for a century, with the U.S. claiming fifty-five percent of the new venture's output. This collaboration promises to inject significant investments and generate tax income for Venezuela.

This report is published with credit to Times of India. The wire sent a summary; open the original for any extra context. Read on Times of India →

Source: Times of India · SHIVANGHI PAYAL. Published 30 Aug 2026, 02:40 am.

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