# Trump boasts of US takeover of Venezuela’s vast oil reserves

https://mins.news/en/item/37244

- CGTN, 2026-08-29 12:35 UTC
- Economy
- Original: https://news.cgtn.com/news/2026-08-29/Trump-boasts-US-takeover-of-Venezuela-s-vast-oil-reserves-1Q0nX6D6LMA/p.html?UTM_Source=cgtn&UTM_Medium=rss&UTM_Campaign=World

> US President Donald Trump announced that the United States had secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves through a private-business partnership. Details remain undisclosed, while Venezuelan officials prepare to grant US firms new exploration and production rights amid possible legal and constitutional challenges.

## Stories

- [US Venezuela Oil and Diplomatic Relations](https://mins.news/en/topic/us-venezuela-oil-relations) — Markdown: https://mins.news/en/topic/us-venezuela-oil-relations.md

## Related coverage

- [Trump announces U.S. control of Venezuela’s oil reserves](https://mins.news/en/video/36994) — CBC News, 2026-08-29
- [Trump says US struck deal to control Venezuela’s 65 billion barrels of oil reserves](https://mins.news/en/item/36811) — euronews, 2026-08-29
- [Trump says US has deal with Venezuela to take control of 65 billion barrels of oil reserves](https://mins.news/en/item/36239) — The Associated Press, 2026-08-28