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Venezuelan leader confirms historic oil deal with US, thanks Trump
🇧🇴 Bolivia /Economy & Trade

Venezuelan leader confirms historic oil deal with US, thanks Trump

From El Deber · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified New plan
  • Venezuela's acting president, Delcy Rodríguez, confirmed a significant oil agreement with the United States.
  • The deal, announced by President Trump, aims to substantially increase oil production with private sector involvement.
  • It includes developing 17 strategic fields with substantial proven reserves and projected investment and tax revenue.

Venezuela's acting president, Delcy Rodríguez, announced a "historic agreement" for oil production with the United States, thanking President Donald Trump and Secretary of State Marco Rubio. The deal, previously announced by Trump, is expected to significantly boost oil output through private sector participation.

historic agreement

— Delcy RodríguezConfirming the oil deal with the United States.

Rodríguez, who leads the Venezuelan government following the reported capture of Nicolás Maduro by the U.S. in January, detailed the agreement's scope. It encompasses the development of 17 strategic oil fields, boasting a proven reserve of 65 billion barrels. The projected investment is over $100 billion, with an anticipated $209 billion in state taxes.

increment considerably the production of oil with the participation of private operators

— Delcy RodríguezExplaining the aims of the oil agreement with the United States.

This accord marks a significant development in bilateral relations, aiming to leverage private investment to revitalize Venezuela's crucial oil sector. The specifics of the fields and the financial projections underscore the ambitious nature of the partnership.

their disposition in the development of an alliance that she described as a historic milestone in bilateral relations

— Delcy RodríguezThanking U.S. President Donald Trump and Secretary of State Marco Rubio for their role in the oil deal.
About this summary

Originally published by El Deber in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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