Aug. 28 (UPI) -- President Donald Trump on Friday said his administration had reached a deal with Venezuela to secure a stake in more than 65 billion barrels of the country's oil reserves.

President Donald Trump on Friday announced an unprecedented US push ​to take control of a fifth of Venezuela's vast oil reserves, betting that American companies can revive the OPEC nation's battered…

US President Donald Trump announced a new oil agreement with Venezuela on Friday, claiming it gives the United States “majority” control of 65 billion barrels of proven oil...

Officials said the deal will bring nearly $100 billion in private investment to Venezuela.

Donald Trump has announced an unprecedented US push to take control of a fifth of Venezuela's vast oil reserves, betting that American companies can revive the OPEC nation's ⁠battered energy industry.

The US has secured majority control of Venezuela's oil reserves, aiming to double American supplies and stabilise crude flow amid rising petrol prices. Read more at straitstimes.com. Read more at straitstimes.com.

“The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote in a social media post.

Washington and Caracas announced Friday that they had reached a “historic” oil agreement, under which the United States will take majority control of more than 65 billion barrels of Venezuela's reserves.

President Donald Trump said the United States and Venezuela have reached a major oil agreement that would give Washington majority control over more than 65 billion barrels of Venezuela's proven oil reserves, in a deal he said would increase U.S.

The Trump administration is touting the oil deal with Venezuela as a way to lower gasoline prices, which have been elevated since the Iran war broke out.

HOUSTON/WASHINGTON, Aug 27 - Trump administration officials are working on a deal to secure long-term access to a portion of Venezuela's crude reserves, sources with knowledge of the negotiations said on Thursday, a move that could ultimately lower the cost of oil imports. Read more at straitstimes.com. Read more at straitstimes.com.