Venezuela's acting president hopes US-Venezuela oil pact benefits Americans, praises Trump

Venezuela's acting president Delcy Rodrígez hopes the new US-Venezuela oil pact benefits US citizens and praised Trump administration.

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As of 2026-09-02 17:50 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

Delcy Rodrígez, Venezuela's acting president, said after the signing of agreements with energy companies Chevron and Eni that she hopes the major oil agreement between Caracas and Washington, announced the previous Friday, will benefit U.S. citizens. ^[1] Chevron announced on Wednesday that it will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years. ^[2] Delcy Rodrígez praised the work of the government of U.S. President Donald Trump in reaching what she called a historic alliance between Venezuela and the United States. ^[3] Venezuela signed agreements with transnational energy companies Chevron and Eni prior to Rodrígez's remarks. ^[4] Chevron CEO Mike Wirth said in a statement that the company's expanded position reflects confidence in Venezuela's deep resource potential and its ability to compete for investment for decades. ^[5] Chevron stated it has been assigned additional acreage in the Orinoco Belt and will expand its Petroindependencia joint venture to include two adjacent areas in the Carabobo region. ^[6] The new agreements provide enhanced fiscal, commercial, and legal terms to protect long-term investments, with total production costs expected to be less than $20 per barrel. ^[7]

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Chevron announced on Wednesday that it will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years. · Al Jazeera

Delcy Rodrígez praised the work of the government of U.S. President Donald Trump in reaching what she called a historic alliance between Venezuela and the United States. · Clarín

Venezuela signed agreements with transnational energy companies Chevron and Eni prior to Rodrígez's remarks. · Clarín

Chevron CEO Mike Wirth said in a statement that the company's expanded position reflects confidence in Venezuela's deep resource potential and its ability to compete for investment for decades. · Al Jazeera

Chevron stated it has been assigned additional acreage in the Orinoco Belt and will expand its Petroindependencia joint venture to include two adjacent areas in the Carabobo region. · Al Jazeera

The new agreements provide enhanced fiscal, commercial, and legal terms to protect long-term investments, with total production costs expected to be less than $20 per barrel. · Al Jazeera

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