US and Venezuela sign 25-year oil deal as Rodríguez defends national sovereignty

Nexus Europa Newsroom
Posted Sep 4, 2026, 11:00 AM UTC · In the digest of 2026-09-04-1100
US and Venezuela sign 25-year oil deal as Rodríguez defends national sovereignty
Photo: El Día

Venezuelan interim president Delcy Rodríguez confirmed a 25-year oil agreement with the US, stressing Caracas retains sovereignty over its crude reserves.

US President Donald Trump and Venezuelan interim president Delcy Rodríguez have confirmed a bilateral energy agreement covering 17 strategic petroleum fields. Trump indicated the arrangement would help replenish Washington's depleted strategic reserves. However, Rodríguez stressed in a televised address that Caracas retains "ownership and sovereignty" over its natural resources, noting the final contract limits cooperation to 25 years rather than the century-long framework requested by the US.

Venezuelan officials project the partnership will secure more than $100 billion in private sector investment while producing upwards of $200 billion in public revenue. The announcement aired across Venezuela during widespread power outages affecting multiple regions.

Sources: Canarias7, El Día, El Mundo, Expresso das Ilhas, La Vanguardia

How outlets assessed this

    • Sweden Herald Skeptical Emphasizes the scarcity of concrete details and frames the announcement around Trump's typical use of superlatives.
    • Trend News Agency Cautious Frames the deal primarily as a U.S. geopolitical maneuver to gain leverage over OPEC and global energy prices.
    • Sweden Herald Skeptical Highlighted Trump's use of superlatives while emphasizing that operational details of the Venezuelan oil deal remain scarce.
    • Trend News Agency Neutral Focused on the strategic geopolitical advantages for Washington, noting the deal reshapes OPEC dynamics and global energy influence.
    • Sweden Herald Skeptical Emphasized that concrete details of the agreement remain scarce despite grand claims from U.S. leadership.
    • Trend News Agency Neutral Focused on how the pact grants Washington strategic influence over global oil prices and reshapes OPEC dynamics.

Sources

Earlier coverage

Share