On Friday, President Donald Trump announced an agreement to make the United States government an investor in the production of Venezuelan oil. Under the reported terms of the deal, the U.S. will take a stake in a private Venezuelan company that will be given the rights to develop 17 oil fields believed to contain 65 billion barrels of oil. President Trump said the deal will help build up U.S. oil reserves, bring down gas prices, and promote investment and production in Venezuela from other U.S. energy companies. Interim Venezuelan President Delcy Rodríguez said the deal will economically benefit her country and revitalize its energy industry.
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