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Venezuela maintains "control and ownership" of oil after agreement with USAPhoto by DMSQLO on Pexels
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Venezuela maintains "control and ownership" of oil after agreement with USA

RTP Notícias7 September 2026 at 06:10

Venezuela clarified that it maintains "control and ownership" of oil after an agreement with the United States. The agreement allows the USA to explore a fifth of the crude reserves of the South American country. Venezuela's oil reserves are considered the largest in the world. Venezuela and the United States are the countries involved in this agreement.

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