Interim President Delcy Rodríguez stated during a press conference that Venezuela will hold presidential elections when conditions are met but refused to specify a calendar or date. ^[1] North American Blue Energy Partners (NABEP) was granted 100-year concessions over 17 oil fields in Venezuela. ^[2] The US Department of State will have the right to acquire a guaranteed 20% of NABEP's production, from both current and future fields, at cost price. ^[3] The US will hold veto power over the appointment of any member of NABEP's board, and a majority of the board members must be US nationals. ^[4] The White House published an informational sheet on Monday detailing a historic agreement announced by President Donald Trump seven months after the capture of Venezuelan leader Nicolás Maduro. ^[5] US Energy Secretary Chris Wright stated on 2026-04-12 in Caracas that Venezuela's oil production could double by the end of this decade. ^[6] The US government reached an agreement with Delcy Rodriguez granting the United States control over the exploitation of 17 Venezuelan oil fields containing nearly one-fifth of the country's crude reserves. ^[7] US President Donald Trump stated on 2026-04-12 that Venezuela is not yet prepared to hold elections, although he expects them to happen soon. ^[8] The administration of Donald Trump and the interim government of Delcy Rodríguez reached an agreement to develop 17 oil fields located primarily in the Orinoco belt and the Maracaibo lake region. ^[9] Under the agreement, the US Department of Defense will hold a 35% stake in the parent company of Nabep, while the US Department of State can purchase 20% of the oil at production cost. ^[10] Chris Wright told Bloomberg that Venezuela's oil production has increased by 25% and exports have increased by 50%. ^[11] NABEP holds a concession to exploit Venezuelan crude oil for 100 years. ^[12]