Shafaqna English– Sources familiar with the negotiations revealed on Thursday(27 Aug 2026) that Trump administration officials are formulating an agreement to secure long-term access to a substantial portion of Venezuela’s crude oil reserves. This strategic initiative, which is being pursued at the highest levels between the two countries, could, if realized, significantly lower U.S. oil import costs and reduce the nation’s dependence on other oil suppliers.
This deal, which is likely to be signed and publicized in the coming days, would authorize the U.S. government to secure a group of Venezuelan oilfields for investment and development by major American oil corporations. According to sources, all output from these fields would be exclusively allocated to the United States, enhancing America’s long-term energy security.
Source: Reuters