business
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United States and Venezuela Announce Oil Reserves Agreement
09/25/2026
WASHINGTON D.C. — The United States and Venezuela announced an agreement on Friday to develop a portion of Venezuela's oil reserves. The agreement stipulates a U.S. stake in a majority share of these reserves.
Energy analysts reviewed the agreement. They expressed skepticism regarding its potential outcomes.
A pedestrian walked past a mural depicting oil wells in Caracas, Venezuela, on Saturday, following the announcement.
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