The Trump administration has agreed for the U.S. government to take a 35% passive stake in a Venezuelan oil company, giving Washington preferential access to some of the country’s vast oil reserves.

INTELLIGENCE SUMMARY

The Trump administration has agreed for the U.S. government to take a 35% passive stake in a Venezuelan oil company, giving Washington preferential access to some of the country’s vast oil reserves. The Pentagon’s Office of Strategic Capital would finance the investment, while the company could develop 17 oil fields holding an estimated 65 billion barrels of reserves. The deal aims to revive Venezuela’s oil industry and secure U.S. crude supplies, but critics say it may violate Venezuela’s c