Venezuela's interim president says US energy deal will last 25 years
- On Friday, President Donald Trump announced a deal granting the United States rights to Venezuela's untapped oil fields for 100 years, including a provision to exert control over the South American company.
- Negotiators revealed the United States government plans to take a 35% passive stake in North American Blue Energy Partners, a structure deliberately designed to bind future Venezuelan governments to the agreement.
- While President Delcy Rodr claims the projects will generate $209 billion in taxes on 65 billion barrels of oil, former cabinet minister Diego Arria called the arrangement 'absolutely unconstitutional because it's an illegitimate government.'
- Members of opposition leader Corina Machado's Vente party denounced the deal, with Jos Amalio Graterol stating it 'has no validity whatsoever' since the agreement was negotiated without Venezuela's opposition involvement.
- Eurasia Group's Risa Grais-Targow noted the deal might diminish incentives for a new vote, prioritizing stability over political transition, while Rodr faces pressure balancing Washington ties against decades of resource nationalism.
62 Articles
62 Articles
The oil agreement between Venezuela and the United States will be in force for 25 years and provides for production of more than 1.5 million barrels per day.
Ekstra Bladet
New US deal on Venezuelan crude oil to create production of 1.5 million barrels per day, president says
Under the new oil deal with the United States, Venezuela retains control and sovereignty over its natural resources, interim president Delcy Rodríguez said in a televised address.
Malay Mail
AlKhaleej TodayVenezuela’s US oil deal sparks hopes of recovery and way out of poverty, but also fears over sovereignty
CARACAS, Aug 30 — Venezuelans expressed doubt and suspicion on Saturday over a new deal enabling the United States to exploit the country’s oil reserves, an arrangement that...
We retain sovereignty over resources: Venezuela leader on 'historic' US oil deal
Venezuelan interim President Delcy Rodriguez hailed the accord in a late-night address as a 'historic' deal that would help revive the economy and boost government revenue, saying it would help shape the country's future.
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