Neirlay Andrade.— The historic oil agreement signed by Acting President Delcy Rodríguez’s administration and the White House has left a trail of doubts and questions in its wake. It could hardly be otherwise: the document committing the fate of one-fifth of Venezuela’s proven crude oil reserves remains secret. This detail has cooled the optimism that […]
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— Oil investments carry risks, just like any other investment. However, when a field has produced oil continuously for more than a century and accumulated nearly 950 million barrels of historical production, the past becomes more than history: it becomes a powerful tool for assessing the economic viability of future operations. That is one of […]
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The reform of the Organic Hydrocarbons Law reduced the National Assembly’s role in approving oil deals. At the same time, the technical terms of the agreement announced between Venezuela and the United States remain unpublished. Legal scholar Mariana Campos warns that parliamentary oversight has not disappeared; it must be exercised over implementation. Neirlay Andrade The […]
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The Daily Journal.- A Venezuelan delegation led by Hydrocarbons Minister Paula Henao will attend the G20 energy summit in Houston, Texas, at the invitation of the Trump administration. PDVSA Executive Vice President Jovanny Martínez will also attend the meeting, which will bring together energy ministers from the world’s leading economic powers. The delegation will participate […]
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The Daily Journal.— The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) expanded its authorization Monday to allow certain U.S. companies to conduct transactions with Petróleos de Venezuela (PDVSA) and its majority-owned subsidiaries, marking another easing of the sanctions framework governing operations with Venezuela’s oil sector. General License 52C, which OFAC issued on Sept. […]
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The Daily Journal.- U.S. President Donald Trump said Sunday that Washington could maintain its presence in Iran and benefit from the country’s oil resources, as it did in Venezuela. “Eventually, we’ll get out (of Iran), unless we decide to stay and keep the oil, like in Venezuela. You don’t hear about Venezuela anymore, do you? […]
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Andrés Ramón Giuseppe Ávalo In conventional economic analysis, Venezuela and Ireland rarely appear in the same conversation. One is a European technology and pharmaceutical hub; the other is a Caribbean oil-producing nation recovering after years of acute economic collapse and severe international sanctions. Yet beneath their profound geographical and institutional differences lies a shared structural […]
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The Venezuelan Petroleum Chamber confirmed increased activity among companies and equipment in the sector The Daily Journal.- The Venezuelan Petroleum Chamber (CPV) confirmed Thursday that oil activity in Zulia state has begun to pick up, with companies increasing operations and production reaching between 350,000 and 360,000 barrels per day. Roy Biagioni, president of the CPV’s […]
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The Daily Journal.- Venezuelan organizations Clima21 and the Venezuelan Program for Education-Action in Human Rights (Provea) called on the government to establish environmental and human rights safeguards as it implements new oil agreements and licenses granted to U.S. companies. In a joint statement, the organizations expressed concern over the lack of public information about the […]
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The Daily Journal. — Half of Venezuelans believe the recent oil agreement with Washington will benefit the United States more than Venezuela, according to the latest public opinion survey conducted by AtlasIntel in partnership with Bloomberg (Latam Pulse, August 2026). The study assessed citizens’ perceptions of the bilateral agreement announced by President Donald Trump involving […]
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