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DETAILS: $7B Venezuelan oil deal could ease gas pricesEconomy

Fox Business reports on Chevron’s $7 billion expansion in Venezuela as the administration promotes increased crude imports to lower gas prices and replenish the strategic petroleum reserve.

FFox News
Chevron, Eni commit to expand Venezuelan oil projects under US oversightEconomy

Chevron of the United States, Italy’s Eni and other foreign energy producers pledged on Wednesday to significantly expand projects in Venezuela to raise oil output. The agreements were signed in Caracas at a ceremony overseen by interim President Delcy Rodriguez and US Energy Secretary Chris Wright.

FFrance 24 English
Trump’s Venezuela oil deal gives US control of 17 oil fieldsPolitics

President Donald Trump calls the 25-year oil agreement with Venezuela historic. It gives the US partial control of Venezuela’s oil reserves and is intended to secure Washington’s access to billions of barrels for years to come, although its effects may not be felt for years while fuel prices remain high.

AAl Jazeera English
Chevron CEO Wirth on Investing $7 Billion in VenezuelaEconomy

Chevron CEO Mike Wirth discusses the company’s plan to invest $7 billion in Venezuela through a series of joint-venture partnerships. The deal is part of the Trump administration’s effort to revive the country’s oil industry.

BBloomberg Television
Venezuelan Oil Replenishing US SPR Is ‘Pure Fantasy,’ Stephen Schork SaysEconomy

Stephen Schork, principal and editor at The Schork Group, calls replenishing the US Strategic Petroleum Reserve with Venezuelan oil “pure fantasy.” He also discusses the Trump administration’s plan to take majority ownership of more than 65 billion barrels of Venezuela’s oil reserves, US refining capacity and strategic stockpile levels.

BBloomberg Television
Chevron to Invest $7 Billion to Boost Venezuelan OutputEconomy

Chevron plans to invest $7 billion over the next five years to more than double its oil production in Venezuela. It is the company’s largest financial commitment so far to a US government-led effort to revive the Latin American country’s industry.

BBloomberg Television
WATCH LIVE: US seals major Venezuela oil deal with landmark signingEconomy

U.S. Energy Secretary Chris Wright, acting Venezuelan President Delcy Rodriguez and senior oil officials present the Trump administration’s energy agenda at a signing ceremony and press conference for a major Venezuela oil deal.

FFox News
Venezuela hands US control of a fifth of its oil in landmark dealEconomy

Venezuela's parliament has approved giving the United States control of a fifth of the country's oil reserves in a landmark deal. The move cements Washington's grip on a government it helped install after toppling President Nicolas Maduro in January.

Eeuronews
US-Venezuela oil agreement: Deal could help revive Venezuela’s struggling economyEconomy

People in Venezuela are questioning whether they will benefit from a controversial oil agreement with the United States. Announced recently by both countries, the deal could bring up to $100bn in investment over the next 25 years, as reported from Caracas by Al Jazeera’s Noris Soto.

AAl Jazeera English
US energy secretary vows to double oil output during Venezuela visitEconomy

US Energy Secretary Chris Wright arrived in Venezuela on Tuesday ahead of a signing ceremony for a landmark oil agreement between Washington and Caracas. The deal would establish a US-controlled private company holding 65 billion barrels of proven reserves and is intended to attract further American energy investment despite serious challenges.

FFrance 24 English
Trump's Venezuela go-betweenPolitics

Wednesday's press review examines the shadowy magnate who brokered an oil deal between Washington and Caracas. The Pacific Islands Forum wants to focus on climate change, but China's anger over Taiwan's presence is dominating attention. The Bayeux Tapestry has also returned to Britain after nearly a millennium, possibly carrying salacious secrets.

FFrance 24 English
US firm to take over some Venezuela oilfields previously run by Chinese, Russian firmsEconomy2:01

The White House said it will partner with North American Blue Energy Partners in President Donald Trump’s effort to tap Venezuela’s oil industry. The agreement would give the Pentagon a stake in roughly one-fifth of Venezuela’s vast oil reserves. The ruling-party-dominated National Assembly later voted to approve the oil deal with the Trump administration.

FFrance 24 English
What Trump’s Venezuela oil deal means for Canada’s energy sectorEconomy

U.S. President Donald Trump’s oil deal with Venezuela could affect Canada because both countries produce the same type of heavy crude. Trump has called it the “biggest oil deal in world history” and shared an article saying it “puts Canada on notice,” prompting questions about the future of Canada’s energy industry.

GGlobal News
Trump’s Venezuela oil move: What happens next?World

Trump has made a massive oil announcement and plans to meet with refinery executives, raising questions about who will control one of the world’s largest energy reserves. DW spoke with John D. Feeley, a former US ambassador to Panama and current executive director of the Center for Media Integrity of the Americas.

DDW News
Should Canada be on notice after Trump’s Venezuela oil deal?Economy

U.S. President Donald Trump says Canada is “on notice” after the United States reached a deal with Venezuela to take control of its oil reserves. Energy expert Heather Exner-Pirot examines what the arrangement could mean for Canada’s oil industry.

CCBC News
U.S.-Venezuela Oil Deal; Search for Survivors Grows Frantic in Nepal | Aug. 31World

As the war with Iran continues to drive up oil and gas prices, President Donald Trump announced an oil deal with Venezuela that would give the U.S. access to roughly 65 billion barrels of the country’s reserves. Acting President Delcy Rodríguez called it an opportunity for economic growth, but NBC News explains why it is unlikely to lower U.S. prices soon. In Nepal, more than 900 people have been confirmed dead and the search for survivors is becoming increasingly frantic.

NNBC News
Trump’s Venezuela Deal Leaves $100 Billion Question UnansweredEconomy

President Trump is presenting a deal giving the US a stake in 65 billion barrels of Venezuelan oil as a victory that will cut gasoline prices and restore depleted crude reserves. Whether it can achieve either goal during his presidency remains highly uncertain. People familiar with the matter say Trump pressed for the move after becoming frustrated that ExxonMobil and ConocoPhillips were not increasing Venezuelan production quickly enough.

BBloomberg Television
Trump says Venezuela oil deal doubles US reserves. What’s the catch?Politics

President Donald Trump said the United States reached an oil agreement with Venezuela that would more than double US oil reserves, increase supply and lower gas prices. He said the deal gives the US majority control of more than 65 billion barrels through a partnership with private business.

CCNN
REPORT: Trump to meet with oil executives after historic Venezuela dealEconomy

Heritage Foundation chief economist EJ Antoni says the historic U.S.-Venezuela oil agreement could help replenish the Strategic Petroleum Reserve and diversify U.S. energy imports. A report says President Trump will meet with oil executives after the deal.

FFox News
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