GLOBEALERT
BUSINESSLOW1h ago · Sep 7, 2026, 3:20 PM

President of state-owned PDVSA says oil agreement between Venezuela and US is renewable

Clarín · south america

The oil agreement between Venezuela and the United States, signed for 25 years, is indefinitely renewable. It allows the US to exploit more than 20% of Venezuelan reserves. The pact involves PDVSA and NABEP, with participation from the US government. Production is expected to increase to 1.5 million

GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.

More in Business