【Breaking: Venezuela-Iran Oil Pact: $19 per Barrel】Venezuela and Iran are both oil powers, but they hold vastly different attitudes toward the United States.
Acting President Rodríguez just delivered a national televised address: "Based on a reference price of $65 per barrel, over the next 25 years, the country will generate $20.935 billion in revenue. For every barrel produced and sold, the state will receive approximately $19."
The agreement targets 17 strategic oil fields, aiming for a daily output of 1.5 million barrels, with a royalty rate of 16% and an income tax rate of 34% (based on $65 per barrel).
She stated that Venezuela will maintain ownership and sovereignty over its domestic resources, while leveraging capital, technology, and operational capabilities to rebuild this strategically vital industry, severely damaged by sanctions.
She specifically clarified that the project plans to develop eight green zones in the Orinoco Oil Belt—these are new exploration or production areas where no prior operations or developed infrastructure existed, meaning projects starting from zero.
She said the major energy agreement reached with the United States "is part of our path, transforming Venezuela from a nation rich in reserves into a leading oil producer, benefiting the people and bringing happiness."
Rodríguez believes choosing a diplomatic route with the U.S., turning differences into cooperation and cooperation into investment, is key—and she once again thanked Trump and Rubio for their efforts, clarifying that Venezuela retains full "ownership" of its resources.
Initially, Rodríguez had criticized her opponent Machado, accusing her of wanting to become president simply to hand over Venezuela’s oil and dignity to the United States.
Original source: toutiao.com/article/1874921532660736/
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