❗️Venezuelan Interim President Delcy Rodríguez says Venezuela has reached a 25-year oil agreement with the U.S. covering 17 strategic fields and targeting production of more than 1.5 million barrels per day.
At around $65 per barrel, Venezuela expects roughly $19 per barrel and more than $209 billion in state revenues. The deal will combine Venezuelan oil resources and workforce with U.S. capital and technology.
Rodríguez said the agreement will create jobs, rebuild infrastructure and revive Venezuela’s sanctions-hit oil industry, while Caracas retains ownership and sovereignty over its resources.
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