U.S. officials say Venezuela oil deal step toward progress despite lingering concerns

The deal to give the U.S. majority control over 65 billion barrels of Venezuela's proven oil reserves is a step toward stability and economic growth in the South American country, according to U.S. officials, even as major questions linger about the agreement's implications for citizens of the recovering nation.

U.S. officials say Venezuela oil deal step toward progress despite lingering concerns

TL;DR

  • The U.S. will gain majority control over 65 billion barrels of Venezuela's proven oil reserves.
  • U.S. officials believe this deal will lead to stability and economic growth in Venezuela.
  • Concerns remain about the agreement's implications for the citizens of Venezuela.