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Tuesday 8 September 2026
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Trump Announces Venezuela Oil Deal Amid Industry Scepticism

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Donald Trump annonce un accord sur les réserves de pétrole du Venezuela
Portrait de Donald Trump, ancien président des États-Unis. © Wikimedia Commons
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Key Points
  • US President Donald Trump has claimed a major agreement to secure access to Venezuelan energy resources.
  • This project involves the control and exploitation of approximately 65 billion barrels of crude oil.
  • American multinationals Chevron and Halliburton are designated to lead operations on the ground.
  • Several analysts urge caution due to the logistical and geopolitical challenges inherent in Venezuela.

Washington Announces Historic Agreement

Donald Trump annonce un accord sur les réserves de pétrole du Venezuela
Donald Trump delivers a speech at a political rally. · © Ali Shaker/VOA · Public domain

US President Donald Trump has officially claimed the conclusion of a major agreement concerning access to Venezuela’s colossal energy resources. Described by the American leader as the “biggest oil deal in history,” this announcement aims to secure strategic reserves of unprecedented scale for the American economy. The agreement announced by the White House concerns the management and exploitation of 65 billion barrels of crude oil, which would represent a major geopolitical shift in the global energy market.

The Return of Energy Giants Chevron and Halliburton

The implementation of this ambitious project relies on the mobilisation of the American industrial apparatus, particularly its major oil and oilfield services groups. Chevron and Halliburton are at the forefront, poised to orchestrate the strong return of American expertise to the Venezuelan basin. The technical deployment of these multinationals is essential to revive national production, which has been weakened by years of underinvestment and diplomatic tensions, although the precise financial details of the partnership have not yet been fully disclosed.

Persistent Doubts About the Project’s Feasibility

Behind the triumphant declarations from the American executive, the international community and energy sector analysts are receiving the news with some reservation. Observers point out that the local political situation and the degraded state of oil infrastructure in Venezuela pose significant obstacles to rapid and efficient exploitation. Many experts recommend taking this announcement with considerable caution due to the region’s chronic instability and the regulatory complexity surrounding the sanctioned energy sector.

Also read Accord pétrolier de 25 ans conclu entre le Venezuela et Washington

A Challenge for US Energy Assertion

This diplomatic and commercial offensive is also part of a strategy to assert US energy sovereignty on the American continent. By targeting Venezuela’s reserves, reputed to be among the largest on the planet, Washington seeks to reduce its dependence on other producing regions while exerting decisive influence over Caracas’s economy. The success of this oil strategy will depend on the ability of the actors to overcome the legal and political disputes accumulated over recent decades.

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