What is the duration, production target, and sovereignty stance of Venezuela's new US energy deal as stated by Interim President Delcy Rodriguez?

Venezuelan interim President Delcy Rodriguez stated that the energy agreement with the U.S. will last 25 years, targets crude oil production of more than 1.5 million barrels per day from 17 strategic oilfields, and affirms Venezuela's 'ownership of and sovereignty' over its natural resources while leveraging foreign capital, technology, and operational expertise.

How much revenue does Rodriguez estimate the deal will generate for Venezuela, and what are the key financial terms cited?

Rodriguez estimated the agreement could generate about $209 billion in revenue for the Venezuelan state based on a benchmark oil price of $65 per barrel, with roughly $19 from each barrel produced and sold under the arrangement flowing directly to Venezuela.

Venezuela's Interim President Says US Energy Deal Will Last 25 Years

Aug 29, 2026

Venezuelan interim President Delcy Rodriguez announced a 25-year energy agreement with the U.S., targeting 1.5 million barrels per day production and involving major firms like Chevron to revive the nation's oil sector.

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