00:00It's Benzinga bringing Wall Street to Main Street
00:02Continental Resources signed a Memorandum of Understanding Wednesday with Venezuela's
00:06state oil company to develop part of the Orinoco Belt. According to CNBC, Continental will
00:11develop and operate a 126,000-acre area estimated to hold 30 billion barrels of reserves.
00:17The company plans to turn the agreement with Petróleos de Venezuela into a long-term deal
00:21in the coming weeks. Continental said it evaluated opportunities in Venezuela after Trump called
00:27for U.S. energy companies to invest in the country. Founder Harold Hamm, a Trump supporter,
00:32donated more than $1 million to the Make America Great Again Political Action Committee
00:37from 2023 to 2024, according to Open Secrets. President Trump said last month that the U.S.
00:43had secured majority control over more than 65 billion barrels of Venezuela's
00:47crude reserves as oil dealmaking in the country accelerated. For all things money, visit Benzinga.com.
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