US not 'stealing Venezuelan oil,' energy secretary insists
Author: Henry OduahPublished on: September 3, 2026Country: United States
PoliticsBusiness & Economy

US Energy Secretary Chris Wright dismissed claims that Washington is 'stealing Venezuelan oil' after Venezuela granted access to its natural resources. The United States is set to take majority control of over 65 billion barrels of oil, nearly 20% of the world's reserves. Wright emphasized that the profits from this venture would go to the Venezuelan government and people, while also stressing the need to reform the country's electricity sector.
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