$100 billion investment target for Venezuela's 65 billion barrel oil project
An agreement grants US access to develop 17 Venezuelan oil fields with a proven potential of 65 billion barrels. The deal aims to raise $100 billion in funding to modernize the energy sector and provide solutions such as housing.
The United States secured rights to develop untapped oil reserves in Venezuela through a new partnership involving an unnamed private operator. This arrangement gives American forces the ability to extract energy from the country following a recent operation that brought President Nicolás Maduro to New York. Venezuelan interim leader Delcy Rodríguez described the initiative as a path toward economic recovery and stated her goal is to transform the nation into a global energy powerhouse. She emphasized during a televised address that the oil assets would transition from abstract statistics to tangible solutions like housing. The project involves 17 fields with a proven potential of 65 billion barrels, a deal expected to generate $100 billion in investments. However, specific details remain unverified as no text of any agreement has been officially released. Questions regarding the exact terms, the timeline for drilling operations, and payment structures have not yet been clarified by any party.
