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According to reports, the US and Venezuela are in deep negotiations over oil field shares, and the US may directly gain access to Venezuelan oil resources.

According to reports, the US and Venezuela are in deep negotiations over oil field shares, and the US may directly gain access to Venezuelan oil resources.

智通财经智通财经2026/08/28 01:36
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1. According to The Wall Street Journal, the Trump administration is engaged in in-depth negotiations with Venezuela, aiming to directly hold shares in at least 17 oil fields in the country, which together hold approximately 90 billion barrels of proven reserves. The agreement could pave the way for independent U.S. energy producers to participate in Venezuelan oil production; specific arrangements may involve joint ventures or commissioned extraction, but details are still under discussion and the deal may fall apart.2. Venezuela holds the world's largest proven oil reserves (about 300 billion barrels), but its oil industry has fallen into chaos due to years of poor management. U.S. companies remain hesitant to invest, and the country's current daily output is around 1.1 million barrels, roughly the same as last year. Against the backdrop of the Iran war threatening to block the Strait of Hormuz, this agreement is viewed as a key measure to consolidate energy security in the Western Hemisphere.3. News of the deal has triggered strong protests among Venezuelan opposition groups. Harvard University economist and former Venezuelan official Ricardo Hausmann criticized the move, stating that the interim government lacks legitimacy to reach such an “unconstitutional agreement.” Neither the White House nor the office of Venezuela's interim president Rodriguez has responded immediately.
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