US energy secretary will travel to Venezuela to unveil oil arrangement

Venezuela’s National Assembly voted to back the 65-billion-barrel oil deal, despite no details being publicly released.By AFP and The Associated PressPublished On 1 Sep 20261 Sep 2026United States Energy Secretary Chris Wright is set to travel to Venezuela, after the South American country has approved a deal that will see the US seize effective control of a large portion of its oil reserves.An anonymous US official told reporters that Wright will travel to Venezuela on Tuesday, as the administration of President Donald Trump presses forward with the controversial energy deal.Recommended Stories list of 3 itemslist 1 of 3Venezuela says it retains ‘sovereignty’ following US oil deallist 2 of 3White House unveils more details of Trump’s Venezuela oil deallist 3 of 3Who is Alejandro Betancourt, ex-Chavez ally now Trump’s Venezuela oil man?end of list“First and foremost, it furthers the national interest of the United States,” the official said, adding that it is “critically important” for the US to be able to “to buy oil at cost reliably”.Details are still emerging about the arrangement, likened by critics to deals imposed by colonial powers.Still, the interim government of Venezuelan...