US not ‘stealing Venezuelan oil,’ energy secretary insists

Vanguard News | 03-09-2026 08:53am |

US Energy Secretary Chris Wright dismissed claims that the United States is 'stealing Venezuelan oil' following energy deals signed in Caracas. Wright emphasized that the oil belongs to the Venezuelan people and that private companies are investing to produce it, with benefits including royalties. The agreements grant the US majority control of over 65 billion barrels of oil reserves.

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