Venezuela's interim president says US energy deal will last 25 years
The 25-year pact targets 1.5 million barrels a day and could send about $19 per barrel to Caracas, Rodriguez said.
- 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.
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400 Articles
The U.S. government has published details of its planned oil agreement with Venezuela, which shows that the United States has virtually seized full control of the enormous reserves, but access to them could take years ...
The US is cutting Venezuela's oil at a low price and making new enemies.
Big deal: Venezuela agreement gives U.S. majority control of proven oil reserves
by WorldTribune Staff, August 31, 2026 Non-AI Real World News President Donald Trump announced his sweeping new deal giving the United States a 55% ownership stake and control over 65 billion barrels of oil reserves in Venezuela “more than doubles” American oil reserves. The agreement includes a 100-year lease or concession for the Venezuelan oil […]
Experts and opposition speak of betrayal and robbery, while the successor of ex-president Maduro, who was deported to the United States, defends the billion-dollar agreement.
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