The United States has signed an agreement to gain control over Venezuela’s more than 65 billion barrels of oil reserves. This figure is also big because America itself has about 46 billion barrels of oil. According to the US State Department, this work will be done in collaboration with a private company working in Venezuela. America will get 55% share in the oil produced from this partnership. However, the name of this private company has not been disclosed yet. US President Trump has posted on social media and called it the world’s biggest deal. Venezuelan President Delcy Rodriguez has also called it a historic agreement. This much oil is equal to India’s need for 40 years. Venezuela has the world’s largest oil reserves. There are more than 300 billion barrels of oil present there. The 65 billion barrels of oil that Trump is talking about under American control is about one-fifth of Venezuela’s total oil reserves. Despite Venezuela having such large oil reserves, production there is very low. Its oil industry has long been in trouble due to the economic crisis, lack of investment and US sanctions. Compared with India, the country buys about 1.6 to 1.7 billion barrels of crude oil from abroad every year. Accordingly, 65 billion barrels of oil is equal to India’s 40 years of oil import. That is, in terms of quantity, the 65 billion barrels of oil that Trump is talking about is equal to India’s oil requirement for about four decades. The most important thing in this deal is still not clear how much oil will come to America. It is important to understand whether America will get ownership of Venezuela’s 65 billion barrels of oil or will only get a larger share in its production. According to the information available now, America will get 55% of the oil production from the partnership. But the name of the private company involved in this work and the complete terms of the agreement have not been revealed yet. Therefore, America’s control over 65 billion barrels of oil does not mean that all the oil belongs to America. How much rights America will actually get will become clear only after the full terms of the deal are revealed. More than $100 billion investment According to President Rodriguez, under the agreement, 17 Venezuelan oil fields will be redeveloped. It is said that there will be an investment of more than 100 billion dollars. He says that from this entire work, the Venezuelan government can get about 209 billion dollars in tax in the coming time. He said that Venezuela wants to use its large oil reserves for the development of the country. Relations between America and Venezuela changed after the arrest of Nicolas Maduro in January. After Delsey Rodriguez became President, talks between the two countries increased and Venezuelan oil became its most important issue. After this Venezuela changed the rules of the oil industry. The new rules gave more rights to foreign companies and opened the way for American companies to invest and increase oil production there. —————————- Report- America will give Venezuelan oil to India: Trump met officials of the world’s big oil companies; Reliance can also buy oil. America can allow India to buy oil from Venezuela. According to media reports, a senior official of the Trump administration has given this information. Read the full news here…
Source link
[ad_3]
अमेरिका ने वेनेजुएला का 65 अरब बैरल तेल कब्जाया: यह भारत की 40 साल की जरूरत के बराबर; ट्रम्प बोले- इतिहास की सबसे बड़ी डील
