President of the Bolivarian Republic Delcy Rodriguez pointed out that the agreement contributes to "the country’s economic growth, the energy security of the hemisphere, and greater balance in international markets"

US and Venezuela are reportedly nearing a deal for Washington to acquire stakes in over a dozen Venezuelan oil fields, potentially boosting US oil reserves.

The Trump administration is negotiating long-term leases on 17 Venezuelan oil fields holding 90 billion barrels, potentially reshaping US energy