oil agreement Archives - Page 2 of 3

Venezuela reaffirms continued operations of joint ventures with China and Russia following U.S. oil deal

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — The Venezuelan government confirmed that hydrocarbon agreements with Chinese and Russian state-owned and private companies will remain in effect. It rejected claims that the recent energy deal with the United States would exclude capital from either country from oil extraction projects in Venezuela. Hydrocarbons Minister Paula Henao outlined the government’s official […]

Military high command backs oil deal with U.S. and rules out political subordination

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— The Military High Command of the Bolivarian National Armed Forces (FANB) formally expressed its support on Tuesday for the energy agreement between Venezuela and the United States to develop 17 oil fields that account for one-fifth of the country’s proven crude oil reserves. Defense Minister Gustavo González López made the statement after […]

Trump avoids taking position on Venezuela’s potential exit from OPEC

September 1, 2026September 1, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— U.S. President Donald Trump on Monday avoided taking a position on Venezuela’s potential withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), saying the decision rests with Caracas despite the new energy agreement that deepens oil cooperation between the two countries. “Well, I don’t know. That’s up to them,” Trump said […]

Fiscal concerns and lack of transparency shape economists’ debate over U.S.-Venezuela oil deal

September 1, 2026September 1, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The announcement of the oil agreement between Venezuela’s Acting President Delcy Rodríguez and U.S. President Donald Trump has sparked widespread debate among the country’s economists. Unlike the critical consensus among former oil ministers, economic experts have expressed a broader range of views, from deep fiscal skepticism to cautious optimism and open […]

Delcy Rodríguez projects 1.5 million barrels per day under new oil agreement with U.S.

September 1, 2026October 17, 2026Tatiana Da GamaLeave a Comment

CARACAS — Venezuela’s acting president, Delcy Rodríguez, said Saturday night that the energy agreement with the United States calls for the development of 17 strategic oil fields and aims to reach production of more than 1.5 million barrels per day over its 25-year term. In a statement shared on social media, Rodríguez provided new financial […]

Former Venezuelan oil ministers reject U.S. agreement, raising legal and sovereignty concerns

September 1, 2026October 17, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The announcement of the oil agreement between Venezuela’s acting president, Delcy Rodríguez, and U.S. President Donald Trump has triggered a wave of criticism from figures who have held some of the highest positions in Venezuela’s energy sector. Former oil ministers and former PDVSA presidents from across the ideological spectrum have questioned […]

Trump says he will refill U.S. strategic reserves “very soon” with Venezuelan oil

September 1, 2026September 1, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — U.S. President Donald Trump said Sunday that his administration will soon use Venezuelan crude to replenish the country’s strategic energy reserves following the recent bilateral agreement that gives U.S. companies operational control over one-fifth of the South American country’s proven reserves. In a post on his Truth Social platform, Trump lashed […]

The fraud behind the oil agreement

September 1, 2026September 1, 2026Tatiana Da GamaLeave a Comment

María Alejandra Díaz Marín. – The bilateral understanding recently circulated on social media, which reportedly proposes majority U.S. control over more than 65 billion barrels of Venezuelan oil reserves in exchange for $100 billion, demands rigorous legal, constitutional and financial scrutiny. If its terms prove accurate, we would face a transaction with enormous consequences for […]

Editorial | What do those who sign actually affirm?

September 1, 2026September 1, 2026Tatiana Da GamaLeave a Comment

Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America.— The week begins with plenty of movement on the oil front. On the one hand, this Friday, U.S. President Donald Trump announced on his social media platform that he had signed an oil agreement with Venezuela’s acting president, Delcy Rodríguez, calling it […]

Rubio calls U.S.-Venezuela oil deal a “major win,” projects $100 billion in investment

August 29, 2026October 17, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — U.S. Secretary of State Marco Rubio on Friday endorsed the bilateral energy agreement with Venezuela, which gives Washington majority control over 17 strategic oil fields with proven potential of 65 billion barrels of reserves. “This agreement is a major win for both the American and Venezuelan people,” the top U.S. diplomat […]