US energy secretary arrives in Venezuela to discuss oil deal
Wright said new agreements could more than double crude output as U.S. companies move to secure long-term access to Venezuela’s oil reserves.
- U.S. Energy Secretary Chris Wright arrived in Caracas on Tuesday for a one-day visit to finalize energy agreements expected to be signed Wednesday that could more than double Venezuelan crude production in coming years.
- Venezuelan oil production once peaked above 3 million barrels per day but plummeted to around 1.1 million to 1.2 million bpd recently, prompting major firms including Chevron, Eni, ONGC, and GeoPark to sign energy agreements this week.
- North American Blue Energy Partners secured a 100-year lease for 17 oilfields holding 65 billion barrels of reserves; a U.S. official defended NABEP leader Alejandro Betancourt as "not a bad actor" despite his history of investigations.
- Wright predicted U.S. gasoline prices should fall in coming weeks as the Trump administration eases refining regulations, while oil rigs from Texas will create jobs in both the United States and Venezuela.
- These U.S.-backed energy projects displace oilfields recently controlled by China and Russia. China's Foreign Ministry said on Tuesday its cooperation with Venezuela is "protected by international law" and its interests must be guaranteed.
110 Articles
110 Articles
US Energy Secretary Chris Wright said Wednesday in Caracas that Venezuela's oil production could "double by the end of this decade" with the development of new energy agreements between Washington and the nation…
Key Points of Press Conference Held by Delcy Rodríguez & US Energy Secretary
A press conference on the energy agreement between Venezuela and the US was held at Miraflores Palace. By Yuleidys Hernández Toledo – Sep 2, 2026 More investment, job creation, and development are among the benefits that will flow from the energy agreement signed on Friday, August 28, between Venezuela and the United States. The details...
Venezuelan oil flows will lower gas prices in 12-24 months, Wright says in Caracas
CARACAS, Venezuela — Energy Secretary Chris Wright said the Trump administration’s efforts to increase oil production in Venezuela would yield lower gas prices for Americans in one to two years, a timeline elongated in part due to the need to build more refiners capable of processing the heavy Venezuelan crude. “We are ahead of schedule, […]
Zeit Online
Here you can find information on the topic "Oil deposits". Read now "US Energy Minister: Oil deals with Venezuela are "historical".
Only in January Washington had arrested the authoritarian leader of the South American country. Now the US is doing business there with oil. Minister Wright raves of the agreements.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
