# U.S. could control 20% of Venezuela's oil reserves, but Canada's oilpatch isn't worried

https://mins.news/en/item/41633

- CBC News, 2026-09-02 08:00 UTC
- Economy
- Original: https://www.cbc.ca/news/canada/calgary/bakx-venezuela-heavy-oil-alberta-chevron-trump-9.7287533?cmp=rss

> U.S. President Donald Trump is pressing ahead with efforts to tap Venezuela's oil wealth, announcing a new deal intended to raise production there. He is also presenting a possible U.S. controlling stake in part of Venezuela's reserves as a warning to Canada, while experts say Western Canada's oil industry has little reason for concern.

## 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

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