oil royalties Archives - The Daily Journal

Ernesto Paraqueima proposes keeping oil royalties in producing states

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Former political prisoner and former mayor of the Simón Rodríguez municipality in Anzoátegui state, Ernesto Paraqueima, proposed that royalties from oil production in Venezuela should remain in producing states and advocated for greater decentralization of resources as part of a proposal aimed at moving toward a federal model. “Royalties from oil production […]

Delcy Rodríguez projects 1.5 million barrels per day under new oil agreement with U.S.

September 1, 2026September 1, 2026Tatiana Da GamaLeave a Comment

CARACAS — Venezuela’s acting president, Delcy Rodríguez, said Saturday night that the energy agreement with the United States calls for the development of 17 strategic oil fields and aims to reach production of more than 1.5 million barrels per day over its 25-year term. In a statement shared on social media, Rodríguez provided new financial […]