Venezuela's Oil Diplomacy and Recovery

So all of this will help support the country's recovery and advance

the improvements that all Venezuelans want, need,

and deserve.

That is why we chose the path of diplomacy with the United States of

America to transform our differences into cooperation,

and that cooperation into investment, production,

wellbeing, and tangible results for Venezuelans.

I thank President Donald Trump, Secretary Marco Rubio, and their

administration for their efforts, as well as our own government and the

entire Venezuelan team that dedicated its time to reaching this

agreement.

You know what's really significant about that is when you look back at the history,

it was back when the late dictator of Venezuela, Hugo

Chavez, moved to nationalize the oil industry in

Venezuela. It really was a, a, a setback for American

interest. American petroleum companies had to

withdraw, and you had things

like China going in there and their influence, and this is

really a, a... I think, gonna be looked back in the history books

as a part

of the Don Roe doctrine. And when you talk about the total

65 billion barrels of oil reserves that is targeted in this

deal, that is going to, for decades,

bolster not only our own petro- strategic petroleum

reserves, but also lead to eventually lower

gas prices, and it eliminates the influences of people

like China in the Southern Hemisphere.

This has been the Rea-