Washington, United States, Aug 28, 2026 (AFP) - Rubio says oil deal to bring Venezuela $100 bn in private investment

NAMPA / AFP

2026-08-29

Secretary of State Marco Rubio said Friday that a new oil deal giving the United States a huge stake in Venezuelan petroleum reserves will bring nearly $100 billion in private investment to the Latin American nation. Rubio said on X that the deal would secure stable reserves and lower gas prices in the US, and added: "For the Venezuelan people, this deal will bring nearly $100 billion in private investment, support thousands of high-paying jobs,......

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