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US-Venezuela Oil Deal Sparks Global Attention

Venezuela and the United States announce a major energy agreement aimed at reviving the country’s oil industry.
August 30, 2026 by
Hamad Ahmad

Venezuela’s interim President Delcy Rodríguez says a new energy agreement with the United States will last 25 years and focus on developing 17 strategic oil fields. The plan targets increasing oil production to more than 1.5 million barrels per day and could bring billions of dollars in investment and government revenue. The deal has also sparked criticism and protests from some Venezuelans over increased U.S. involvement in the country’s oil sector.