A report by The Zioneer says the United States is taking over the second-largest proven oil reserves in the world, with minimal upfront investment. According to the report, the Pentagon is acquiring a 35% stake in an oil company registered in Barbados, paying with cheap options, and the State Department receives an option to buy 20% of production at cost.
A report published Saturday evening by The Zioneer claims that the United States has moved to effectively take control of Venezuela's second-largest proven oil reserves, with the Pentagon acquiring a 35% equity stake in an oil company registered in Barbados. The report describes the arrangements as involving minimal upfront cost, using cheap options as payment, and granting the State Department preferential access to 20% of output at cost price.
The Zioneer has previously covered President Trump's statements on seizing Venezuelan oil assets and the broader U.S. strategic push to secure energy resources amid tight global markets. This latest report suggests a mechanism for long-term U.S. control over the reserves, but independent confirmation from official U.S. or Venezuelan sources has not yet emerged. The details remain unverified, and it is unclear whether the arrangement has been finalized or is still under negotiation.
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