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President Trump Secures the Biggest Oil Deal in World History
Published by The White House on September 2, 2026.
The September 2 White House follow-up: private-company framing, 250,000 barrels a day, production as soon as early next year.
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… <li>This deal has been struck with a private company that has the best track record of success of any company operating in Venezuela— a proven operator, who knows how to scale production and can operate there. This is a U.S. law contract that was negotiated with U.S. law firms and auditors to ensure strict audits and robust governance protections are included in the deal.</li> </ul> <ul class="wp-block-list"> <li>This deal has been struck with a private company that already produces 250K barrels of oil a day. Because of the off-take rights, as soon as early next year, material production will be coming to the United States. </li> </ul> <ul class="wp-block-list"> <li>By the end of the year, there will be at-cost oil flowing to the market to help bring down gas prices for the American people. It will rapidly scale over the next year.</li> </ul> </div></main> <div style="height:100px" aria-hidden="true" class="wp-block-spacer"></div> …
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- The White House says 100-year rights to 17 Venezuelan oil fields. Caracas says 25 years, renewable. · cited for the private-company line, 250,000 barrels a day, early next year
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Timeline entries this record anchors: White House follow-up, warrants record, Wright in Caracas.