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Venezuela: ‘We retain sovereignty over our oil’ under the agreement with the US

Prime Minister Rodriguez’s remarks. On Friday, Trump announced that the United States would take control of 65 billion barrels of oil from Venezuela’s reserves

epa13199228 Una petroliera naviga al largo della costa di Maracaibo, in Venezuela, il 29 agosto 2026. Il 28 agosto il presidente degli Stati Uniti Donald Trump ha annunciato che gli Stati Uniti si sono assicurati il controllo maggioritario di oltre 65 miliardi di barili delle riserve petrolifere accertate del Venezuela grazie a un accordo con il Venezuela e con alcune imprese private.  EPA/HENRY CHIRINOS EPA

1' min read

Translated by AI
Versione italiana

1' min read

Translated by AI
Versione italiana

(Il Sole 24 Ore Radiocor) - Under the oil agreement with the US, Venezuela “retains ownership and sovereignty” over its oil. Interim President Delcy Rodríguez stated in a televised address that Venezuela retains control of its oil under the agreement reached with the United States, almost nine months after Nicolás Maduro’s capture by the US military.

"One thing must be absolutely clear: Venezuela retains ownership and sovereignty over its resources," announced Rodríguez, who is governing under intense pressure from the United States, whilst the lack of details regarding the agreement has fuelled rumours.

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On Friday, President Donald Trump announced that the United States would take control of 65 billion barrels of oil from Venezuela’s reserves, in what he described as “the biggest oil deal in history”.

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