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Continuing story · 1 report

Trump’s Announced Venezuela Oil Deal

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Gone quiet since

Where it stands

The report says the deal’s terms remain unclear: a reported 55% output share and 100-year concessions are disputed, and contract details are missing. It does not report that the arrangement has been implemented, abandoned or definitively resolved.

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Story trackerDay 1

1 report10 outlets11 sources1 video

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    1. Update 1Trump’s Venezuela Oil Deal: What Is—and Isn’t—Known

    The story so far

    1. Update 1

      Trump’s Venezuela Oil Deal: What Is—and Isn’t—Known

      Trump claims a historic share of Venezuela's oil. Reported terms point to 25 years and a fifth of reserves, while 100 years, 55% output and $100 billion remain unproven.

      Still open after this report

      • No published contract, field list, financing terms or final operator roster allows independent verification of share, duration or value.
      • No confirmed legal path has been shown for 100-year concessions, Pentagon equity, or exclusive development rights under Venezuelan law.

    History

    1. Opened1 report

    Who's involved

    People

    • Amy Myers Jaffeenergy consultant and expert on global energy policy, geopolitical risk, and energy and sustainability1 report
    • Delcy RodriguezActing President of Venezuela since 20261 report
    • Donald TrumpPresident of the United States (2017–2021; since 2025)1 report
    • Marco Rubio72nd United States Secretary of State since 20251 report
    • Nicolás MaduroVenezuelan politician1 report
    • Ricardo HausmannVenezuelan economist (born 1956)1 report

    Places

    • Carabobo-1 oil fieldBelt 2001, Carabobo, Venezuela1 report
    • United StatesUnited States1 report
    • VenezuelaVenezuela1 report

    Every outlet we read on this story

    11 sources10 outlets1 video