IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Venezuela Expects 76B in Oil Investment

Venezuela expects nearly 76 billion dollars in oil investment over the next five years under new agreements. Acting President Delcy Rodriguez stated the bilateral accord with the United States includes plans to drill 250 rigs.

Xurve View
Insights:
FILE PHOTO: Venezuela's interim President Delcy Rodriguez speaks during the World Food Forum at the Food and Agriculture Organization (FAO) headquarters in Rome, Italy, October 12, 2026. REUTERS/Remo Casilli/File Photo

Venezuela expects $76 billion in oil investment over five years, driven by new bilateral energy agreements with the United States. Acting President Delcy Rodriguez announced the five-year outlook on Saturday, outlining plans to drill 250 new rigs across 17 oil fields. The pact aims to restore output in a nation holding the world's largest proven crude reserves.
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.