Acting Venezuelan president Delcy Rodríguez met US Energy Secretary Wright on Sept. 2 and the two sides signed multiple oil cooperation agreements. Venezuela and US firms including Chevron agreed to oil expansion projects. President Trump has said the US obtained majority control of more than 65 bln barrels of Venezuela’s proved oil reserves. Rodríguez said the pacts will run 25 years, aim to lift crude output to 1.5 mln bpd and preserve Venezuela’s sovereign rights over its natural resources.

2026-09-03

Acting Venezuelan president Delcy Rodríguez met US Energy Secretary Wright on Sept. 2 and the two sides signed multiple oil cooperation agreements. Venezuela and US firms including Chevron agreed to oil expansion projects. President Trump has said the US obtained majority control of more than 65 bln barrels of Venezuela’s proved oil reserves. Rodríguez said the pacts will run 25 years, aim to lift crude output to 1.5 mln bpd and preserve Venezuela’s sovereign rights over its natural resources.