Venezuela's Communist Party Condemns Opaque Oil Deal with US

The Communist Party of Venezuela rejects a 25-year oil agreement with the US, citing a lack of transparency and constitutional oversight.

TruthFoundry News Desk

Stands on 8 placed sources from 2 publishers.

As of 2026-09-01 16:09 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 Communist Party of Venezuela (PCV) rejected a 25-year oil agreement between Caracas and Washington that sets a production target of over 1.5 million barrels per day. ^[1] The Venezuelan Communist Party (PCV) rejected an oil agreement negotiated between the administration of Delcy Rodríguez and the government of the United States. ^[2] The agreement involves the United States controlling more than 20% of Venezuela's crude oil reserves. ^[3] The PCV characterized the deal as a 'new and grave delivery of national heritage' attributed to the government led by acting president Delcy Rodríguez. ^[4] The PCV denounced the agreement as lacking transparency and occurring outside of constitutional controls. ^[5] The PCV alleged that the agreement grants the US government economic control and governance over more than 65 billion barrels of proven oil reserves. ^[6] The PCV criticized the lack of public debate and the absence of parliamentary control established in articles 150 and 187 of the Constitution. ^[7] The PCV described the agreement as a 'new and serious delivery of national patrimony' executed by an 'illegitimate and illegal triumvirate'. ^[8]

What this stands on

The Communist Party of Venezuela (PCV) rejected a 25-year oil agreement between Caracas and Washington that sets a production target of over 1.5 million barrels per day. · Portafolio

The Venezuelan Communist Party (PCV) rejected an oil agreement negotiated between the administration of Delcy Rodríguez and the government of the United States. · TalCual

The agreement involves the United States controlling more than 20% of Venezuela's crude oil reserves. · Portafolio

The PCV characterized the deal as a 'new and grave delivery of national heritage' attributed to the government led by acting president Delcy Rodríguez. · Portafolio

The PCV denounced the agreement as lacking transparency and occurring outside of constitutional controls. · Portafolio

The PCV alleged that the agreement grants the US government economic control and governance over more than 65 billion barrels of proven oil reserves. · TalCual

The PCV criticized the lack of public debate and the absence of parliamentary control established in articles 150 and 187 of the Constitution. · TalCual

The PCV described the agreement as a 'new and serious delivery of national patrimony' executed by an 'illegitimate and illegal triumvirate'. · TalCual

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