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Venezuela's interim president says US energy deal will last 25 years
- On Friday, President Donald Trump announced plans for the United States to take partial control of Venezuela's oil reserves through a partnership with private business, securing majority control of more than 65 billion barrels of proven reserves.
- Venezuela currently produces about 1.25 million barrels per day, far below potential due to years of mismanagement; the 25-year bilateral agreement targets increasing crude output to more than 1.5 million barrels per day through 17 strategic oilfields.
- Based on a benchmark oil price of $65 per barrel, the agreement could generate about $209 billion in revenue for the Venezuelan state, with Interim President Delcy Rodriguez noting roughly $19 from each barrel would flow directly to Venezuela.
- Chevron is among the companies expected to finalize talks to transition joint ventures into this new energy framework, while Rodriguez emphasized the country retains "ownership of and sovereignty" over its natural resources.
- Venezuelan officials are preparing to sign agreements next week granting new exploration and production rights; meanwhile, pro-government groups gathered in downtown Caracas on Saturday to protest against the United States' presence.
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28 Articles
28 Articles
Statement-response to Trump's reports on what the two sides agreed to
·Marousi, Greece
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BTReposted by 
berlingske.dk
berlingske.dkThe new US deal on Venezuelan crude oil should create production of 1.5 million barrels per day, says the president.
·Borås, Sweden
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Venezuela retains ownership of its natural resources despite the agreement with the United States, says acting President Delcy Rodríguez.
·Copenhagen, Denmark
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Interim President Rodriguez hails 25-year US energy pact to boost oil output , defend sovereignty
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.
·Jerusalem, Israel
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The agreement will have effect of 25 years said the interim president in a speech to the country in the middle of a blackout in the west of the country
Coverage Details
Total News Sources28
Leaning Left5Leaning Right6Center5Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
38% Right
L 31%
C 31%
R 38%
Factuality
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