Venezuela Interim President Sets 25-Year US Energy Deal
Venezuelan interim president Delcy Rodriguez has affirmed that the energy agreement signed with the United States will last for 25 years, with the aim of increasing oil production to 1.5 million barrels per day while maintaining the country’s sovereignty over its natural resources. The agreement includes the development of 17 strategic oil fields, with the possibility of developing eight additional fields, and potential revenues estimated at around $209 billion based on a $65 per barrel oil price. Former President Trump's administration announced plans for partial control over Venezuela’s oil reserves, with American investments to bolster the affected oil sector, achieve economic benefits, and enhance national sovereignty.
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