THE SPR CURRENTLY HOLDS 289.7 MLN BARRELS — ABOUT 40% OF ITS 700-MLN-BARREL CAPACITY — AFTER YEARS OF DRAWDOWNS UNDER BOTH THE TRUMP AND BIDEN ADMINISTRATIONS, WITH TRUMP SAYING THE U.S.

WILL CONTROL 55% OF THE EFFECTIVE OUTPUT FROM A JOINT VENTURE TIED TO VENEZUELA'S OIL INDUSTRY AND ACQUIRE THE CRUDE AT COST.

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