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Venezuelan government announces a historic 25-year energy agreement with the US to boost crude output.

Aug 30, 2026•9 days ago

Contract Type

agreement

CaracasGovernment

Description

Venezuelan interim President Delcy Rodriguez announced a landmark energy agreement with the US, which aims to increase crude production to 1.5 million barrels per day over the next 25 years. The agreement is expected to play a crucial role in reviving the Venezuelan economy and enhancing government revenue.

Company Information

Company

Venezuelan Government

Location

Caracas, Capital District, Venezuela

About

The Venezuelan government is the ruling body of Venezuela, responsible for managing the country's political and economic affairs. Under interim President Delcy Rodriguez, the government is seeking to revive the economy through strategic partnerships. It holds the world's largest proven oil reserves and aims to increase production significantly.

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