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White House fills in some details of Venezuela oil agreement

Published by Associated Press on August 31, 2026.

AP on the fact sheet: 17 fields, 35 percent, 20 percent, and a refiners meeting the next day.

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… <h2>Questions remain on Capitol Hill </h2><p>Lawmakers on Capitol Hill said Monday that they were looking for more information about the agreement.</p><p>Rep. Rick Crawford, the Republican chairman of the House Intelligence Committee, said he wanted to hear details from the Trump administration “hopefully sooner rather than later.”</p><p>Sen. Jack Reed, the top Democrat on the Senate Armed Services Committee, said a deal that uses the military to boost a private oil venture should be rejected and said he wanted a full accounting of the legal authority for the agreement.</p><p>“President Trump’s effort to turn the U.S. military into an investor in Venezuelan oil is a blatant abuse of power and taxpayer dollars,” Reed said in a statement.</p><p>The new details were released a day before Trump plans to meet with a group of large and small oil refiners to discuss ways to increase America’s capacity to refine oil into gasoline.</p><p>The meeting occurs as the Iran war has driven prices at the pump to a national average of $4.08, a 28% increase over the past year, according to AAA.</p> <div class="FreeStar Advertisement" data-module> <div data-freestar-ad="__336x280 __336x280" id class="fs-feed-ad"> <script data-cfasync="false" type="text/javascript"> freestar.queue.push(function () { window.fsAdCount = window.fsAdCount + 1 || 0; …

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Timeline entries this record anchors: White House fact sheet on the NABEP concessions.

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