US in Talks for Stake in Venezuelan Oil
US in Talks for Stake in Venezuelan Oil
The News
The Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the country's oil fields, according to a report by Axios on Thursday citing two U.S. officials.
A deal on that scale would more than double U.S. oil reserves, the report said.
Bloomberg reported separately that Washington is negotiating for a large stake in the fields, describing it as a move to extend American influence over the post-Maduro government and Venezuela's energy reserves.
Timeline
Axios reports the talks, citing two U.S. officials. Newsmax and Reuters pick up the report the same afternoon.
Bloomberg reports the U.S. is in talks with Venezuela to take a major stake in its oil fields, framing it as an effort to extend U.S. influence over the post-Maduro government.
Reactions
Coverage on the right treated the report as a milestone. Townhall's Matt Vespa called it a potential "defining Donroe Doctrine moment" and said the administration is close to sealing a massive deal.
IBTimes noted the administration's warm relationship with Venezuela's interim government and said the deal would more than double U.S. reserves.
Neither the White House nor Venezuela's interim government has publicly confirmed the terms.
What's Next
The talks have not produced an announced agreement. Watch for official confirmation from the White House or Caracas, and for details on what form any U.S. stake would take.
More
Venezuela holds vast proven crude reserves, and the reported arrangement would tie U.S. energy holdings directly to a government that took power after Nicolás Maduro. The reporting so far rests on anonymous U.S. officials; The Frank will update as named sourcing emerges.
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