#TrumpSaysUSReachedVenezuelaOilDeal Venezuela’s Interim Leader Hails Oil Pact as Path to Economic Revival
Venezuela’s interim President Delcy Rodríguez welcomed the newly announced oil agreement with the United States, calling it a “historic milestone” that will drive national reconstruction.
In an official statement, Rodríguez said the deal covers the development of 17 strategic oil fields containing a proven potential of 65 billion barrels. She projected more than $100 billion in private investment and more than $209 billion in tax revenue for the Venezuelan treasury. The arrangement, she argued, will modernize the country’s oil industry, create high-paying jobs, and contribute to broader economic growth and hemispheric energy security.
Rodríguez specifically thanked President Trump and Secretary of State Marco Rubio for their role in the negotiations. The agreement follows the January U.S. operation that removed Nicolás Maduro and installed her as interim leader.
U.S. officials describe the structure as a public-private partnership in which a new company receives long-term (100-year) rights to the fields. The United States would hold a 55% effective interest in output, including equity and the ability to buy oil at cost.
For a country whose oil sector has long been hampered by underinvestment and political turmoil, the influx of capital and technology from American partners represents a major shift. Whether the projected revenues and jobs materialize will depend on the speed of implementation, the stability of the interim government, and the willingness of private operators to commit large-scale resources.$SKR $BTW $O
Venezuela’s interim President Delcy Rodríguez welcomed the newly announced oil agreement with the United States, calling it a “historic milestone” that will drive national reconstruction.
In an official statement, Rodríguez said the deal covers the development of 17 strategic oil fields containing a proven potential of 65 billion barrels. She projected more than $100 billion in private investment and more than $209 billion in tax revenue for the Venezuelan treasury. The arrangement, she argued, will modernize the country’s oil industry, create high-paying jobs, and contribute to broader economic growth and hemispheric energy security.
Rodríguez specifically thanked President Trump and Secretary of State Marco Rubio for their role in the negotiations. The agreement follows the January U.S. operation that removed Nicolás Maduro and installed her as interim leader.
U.S. officials describe the structure as a public-private partnership in which a new company receives long-term (100-year) rights to the fields. The United States would hold a 55% effective interest in output, including equity and the ability to buy oil at cost.
For a country whose oil sector has long been hampered by underinvestment and political turmoil, the influx of capital and technology from American partners represents a major shift. Whether the projected revenues and jobs materialize will depend on the speed of implementation, the stability of the interim government, and the willingness of private operators to commit large-scale resources.$SKR $BTW $O