In a landmark move, the United States and Venezuela have forged a 25-year energy partnership designed to uplift Venezuela's ailing oil sector and enhance production capabilities. Under this agreement, rights to unexplored oil reserves will be held for a century, with the U.S.
claiming fifty-five percent of the new venture's output. This collaboration promises to inject significant investments and generate tax income for Venezuela.
This story was reported by The Times of India. Read the full coverage at The Times of India.
