🇻🇪 Venezuelan acting President Delcy RodrĂguez announced a “historic” agreement with the Trump administration to develop 17 oil fields containing 65 billion barrels. She said private operators would invest more than $100 billion and generate over $209 billion in taxes for Venezuela.
Trump called it “the biggest oil deal in world history,” saying his administration and private businesses secured majority U.S. control of more than 65 billion barrels of proven Venezuelan reserves “at no cost to the American taxpayer.” He claimed the deal would more than double U.S. oil reserves, increase supply and “substantially lower” gas prices.
Venezuelan economist Francisco RodrĂguez says Delcy RodrĂguez’s own figures amount to just $3.22 in tax revenue per barrel, or 4.7% of its current price. That is less than half the royalty rate Venezuela received under concessions granted by dictator Juan Vicente GĂłmez, whose early-20th-century policies allowed foreign companies to dominate the country’s emerging oil industry.
Presidenta: segĂşn sus cifras, este acuerdo generará ingresos fiscales de apenas $3.22 por cada barril de petrĂłleo venezolano. Ello representa un 4.7 % del precio actual, y menos de la mitad de la tasa de regalĂas contemplada en concesiones otorgadas por Juan Vicente GĂłmez.
