Venezuela-US Energy Deal Approved by National Assembly

Venezuela's National Assembly approved a 25-year energy agreement with the US to revive oil production.

TruthFoundry News Desk

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As of 2026-09-02 14:05 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

The Venezuelan National Assembly approved a binational energy agreement between Venezuela and the United States in a special session on September 1, 2026. ^[1] Deputy Miguel Ángel Pérez Abad presented the agreement and stated it is the most important deal signed in Venezuela in the last 100 years due to its potential to transform the oil production model. ^[2] US President Donald Trump described the agreement as the most historically significant energy deal, claiming it secures majority control over more than 65 billion barrels of proven oil reserves in Venezuela without cost to US taxpayers. ^[3] Iris Varela cited Article 339 of the Venezuelan Constitution to support her assertion that the agreement can be revoked once the causes that motivated it cease. ^[4] Iris Varela claimed that President Nicolás Maduro could object to decisions adopted under alleged coercion, which she argued would invalidate the consent according to the law. ^[5] The energy pact announced by Delcy Rodríguez and the government of Donald Trump includes the development of 17 strategic fields with a potential of 65,000 million barrels. ^[6]

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The Venezuelan National Assembly approved a binational energy agreement between Venezuela and the United States in a special session on September 1, 2026. · EL NACIONAL

Deputy Miguel Ángel Pérez Abad presented the agreement and stated it is the most important deal signed in Venezuela in the last 100 years due to its potential to transform the oil production model. · EL NACIONAL

US President Donald Trump described the agreement as the most historically significant energy deal, claiming it secures majority control over more than 65 billion barrels of proven oil reserves in Venezuela without cost to US taxpayers. · EL NACIONAL

Iris Varela cited Article 339 of the Venezuelan Constitution to support her assertion that the agreement can be revoked once the causes that motivated it cease. · Efecto Cocuyo

Iris Varela claimed that President Nicolás Maduro could object to decisions adopted under alleged coercion, which she argued would invalidate the consent according to the law. · Efecto Cocuyo

The energy pact announced by Delcy Rodríguez and the government of Donald Trump includes the development of 17 strategic fields with a potential of 65,000 million barrels. · Efecto Cocuyo

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