Venezuela’s acting president, Delcy Rodríguez, says the country expects nearly $76 billion in investment in its oil and gas sector over the next five years as it seeks to attract private capital and raise energy production. Multiple reports say the plan centres on new agreements linked to U.S. cooperation and broader efforts to revitalise the industry.
Outlets also describe the scope of the U.S.-related dealmaking: one report says agreements cover 17 oilfields and involve plans for deploying about 250 drilling rigs, while highlighting that production gains are already being seen in Zulia state. Other sources emphasise the financing objective—mobilising foreign investment—while noting that sanctions and chronic underinvestment continue to constrain operations. The reporting is broadly consistent on the expected investment figure and the five-year timeframe, with details varying on the specific elements of the U.S. arrangements and operational rollout.
