Venezuelans criticize government's oil deal with U.S.
Venezuela's acting president announced a deal giving the U.S. access to vast oil reserves, but many Venezuelans view it as a power grab. The agreement involves a new company with rights to 17 oil fields for 100 years, potentially attracting $100 billion in investment and yielding over $209 billion in taxes. Details remain scarce, and the impact on gas prices is unclear.
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The agreement grants the
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Original headline: “‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S..” Browse more stories.