Acting President Delci Rodriguez of Venezuela said on the 28th that the country has reached a large-scale oil cooperation agreement with the United States. Rodriguez said in a government communiqué via his social media that the agreement will allow private companies to participate, thereby significantly increasing oil production. The agreement mentioned that 17 strategic oil fields will be developed, with an investment of more than 100 billion US dollars, and will bring more than 209 billion US dollars in tax revenue to the Venezuelan government. US President Trump announced in a social media post on the 28th that the US has reached an agreement with Venezuela to obtain “majority control” over more than 65 billion barrels of Venezuela's proven oil reserves.

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