Venezuela clarified that it maintains "control and ownership" of oil after the agreement reached with the United States. The agreement allows the exploration of one-fifth of the South American country's crude reserves.
Venezuela's oil reserves are considered the largest in the world. The agreement with the USA represents a significant development in energy relations between the two countries.
The clarification from Venezuela comes in a context where questions were raised about the terms of the agreement and the degree of United States influence over Venezuelan oil resources.
