Venezuela's acting president says the aim is to turn the country's underground resources into a "source of social and economic well-being for the people of Venezuela."
Former Venezuelan President Nicolas Maduro has appeared in the first photos from US custody since his January abduction.
“This 25-year bilateral project envisages the development of 17 strategic oilfields with a production target of more than 1.5 million barrels per day,” says President Rodriguez
The ‘topping out’ process will begin very shortly, and is a gift from Venezuela to the people of the United States, US President wrote on his Truth Social platform
New projects can take years to produce meaningful amounts of oil, and that’s especially true in Venezuela, where infrastructure is in disrepair.
Venezuelan President addressed it to his grandchildren and children
US President Trump announced a deal to secure Venezuelan oil for the US reserve. This oil will be used to refill the Strategic Petroleum Reserve. The agreement involves developing untapped oil fields in Venezuela. Signif…
Deal that will reportedly see US take control of 65bn barrels of Venezuelan oil has provoked outrage in her country Venezuela’s interim president, Delcy Rodríguez, has defended her government’s highly controversial energ…
Representative Raja Krishnamoorthi (D) says the Iran war is depleting key US munitions and pulling military assets from the Indo Pacific, potentially weakening deterrence against China as concerns over Taiwan grow. While…
The Trump administration’s deal giving a US-led venture access to 65 billion barrels of Venezuelan oil could reshape the countries’ economic relationship, but questions remain over its political durability and whether it…
Venezuelan interim President Delcy Rodríguez on Saturday provided details on her country’s new oil deal with the U.S., after President Trump said much of Venezuela’s oil reserves will be under “majority U.S. control.” “T…
President Trump this weekend announced a new deal for the U.S. to acquire majority control of over 65 million barrels of Venezuelan oil, which has prompted a mixed response on the home front. Senate Democrats slammed the…
There are many reasons to be skeptical of the Trump administration's announcement that the U.S. will develop Venezuelan oil.
US President Donald Trump has called it “the biggest oil deal in world history”, while Venezuela’s interim president has assured the public that the country will retain control of its oil under the agreement. The “histor…
Venezuela’s interim President has given a televised address to defend a deal of Venezuelan oil for the United States.
BARBADOS · DIPLOMACY Key Facts —What happened: Barbados and Venezuela signed a joint declaration in Caracas on August 24 covering energy, food, education and transport. —The energy piece: Venezuela will train Barbadian t…
Travel: Venezuela Key Facts —American Airlines resumes Miami–Caracas on Thursday 3 September with two daily flights: an Envoy Air Embraer E175 and a mainline Boeing 737-8. —Capacity rises to 3,472 weekly seats in both di…
Venezuelan hardliners and opposition forces alike criticised acting president Delcy Rodriguez for agreeing to grant the US exclusive access to the country’s valuable oil resources. She may be betting that the deal with U…
Interim leader Delcy Rodriguez assured the public on Saturday that Venezuela retains control of its oil under a new agreement that allows the United States significant access to it. The United States will have majority c…
The "historic" agreement is set to last for 25 years and will see Venezuela increase its output to 1.5 million barrels a day, but many important details remain unclear.