Venezuela and the United States have signed a 25-year oil agreement aimed at reviving Venezuela\u2019s oil industry.<\/p>\n\n\n\n
Venezuela\u2019s interim President Delcy Rodr\u00edguez says that despite granting foreign companies exploitation rights to billions of barrels of oil, the agreement will preserve Venezuela\u2019s sovereignty and ownership over its natural resources.<\/p>\n\n\n\n
Rodr\u00edguez said that under the \u201chistoric\u201d agreement with Washington, exploitation rights to 65 billion barrels of Venezuelan oil will be placed under joint projects for 25 years, with the goal of revitalizing the country\u2019s oil industry.<\/p>\n\n\n\n
She added that 17 strategic oil fields will be developed under the agreement, with an initial production target of 1.5 million barrels of oil per day.<\/p>\n\n\n\n
According to Rodr\u00edguez, $19 from each barrel of oil produced and sold to the United States will go to Caracas. Depending on oil prices, this revenue could reach around $209 billion annually.<\/p>\n\n\n\n
Rodr\u00edguez said Venezuela will remain the owner of its natural resources while benefiting from foreign companies\u2019 capital, technology, and operational expertise to rebuild its oil industry.<\/p>\n\n\n\n
#Venezuela #UnitedStates #Oil #OilDeal #Energy #Economy #Caracas #OilIndustry #USVenezuela #EnergySector<\/p>\n","protected":false},"excerpt":{"rendered":"
Venezuela and the United States have signed a 25-year oil agreement aimed at reviving Venezuela\u2019s oil industry. Venezuela\u2019s interim President Delcy Rodr\u00edguez says that despite granting foreign companies exploitation rights to billions of barrels of oil, the agreement will preserve Venezuela\u2019s sovereignty and ownership over its natural resources. Rodr\u00edguez said that under the \u201chistoric\u201d agreement<\/p>\n","protected":false},"author":4,"featured_media":24278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[106],"class_list":{"0":"post-24277","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-top-news"},"_links":{"self":[{"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/24277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24277"}],"version-history":[{"count":1,"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/24277\/revisions"}],"predecessor-version":[{"id":24279,"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/24277\/revisions\/24279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=\/wp\/v2\/media\/24278"}],"wp:attachment":[{"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiokunduz.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}