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USA talks about oil from Venezuela

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The team of Donald Trump talks with Venezuela. It is about much oil. The USA want access to 17 oil fields. These fields have big oil. Experts think of 90 billion barrels of oil. One barrel is 159 liters.

US firms shall pump the oil in Venezuela. This shall double the oil stock of the USA. The USA need the oil for their reserve. This reserve is empty now. Wars in Ukraine and Iran cause this. Also gas prices in the USA are high.

The plan has law problems. The law of Venezuela says: The oil belongs to the state. Private firms may not rule alone. Venezuela thinks about leaving OPEC. OPEC is a group of lands. This group sets the price for oil in the world.

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Definitions

Oil
Oil is liquid in the ground. People take it out with machines.
OPEC
OPEC is a group of lands. These lands sell much oil. They talk about how much oil they pump. They make the price for oil.
Barrel
A barrel is a measure for oil. It is a big drum. One barrel has 159 liters of oil.

People

Donald Trump
Donald Trump leads the talks with Venezuela.

Locations

Venezuela
Venezuela is a land in South America. It has much oil.
USA
The USA are a big land in North America. They need much oil.

Sources

Logo Standard
Standard

Insider: USA vor Abkommen über Zugang zu Venezuelas Ölreserven

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Logo FAZ
FAZ

Venezuelas Ölreserven: Trump greift nach den Ölfeldern

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Logo ORF
ORF

Bericht: USA verhandelt über Zugang zu Venezuelas Öl

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Logo Al Jazeera
Al Jazeera

US nears deal to secure stake in Venezuelan oil fields, insiders say

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