BUSINESS● LOWSep 7 · 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
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