Stupor and bewilderment among Chavistas and opposition in Venezuela over oil agreement with Trump
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Stupor and bewilderment among Chavistas and opposition in Venezuela over oil agreement with Trump

El Periódico Mediterráneo - General1 September 2026 at 05:01

Donald Trump expects to meet this week with executives from the major U.S. oil refineries to advance the implementation of the energy agreement signed with Venezuela, which contemplates the development of 17 strategic fields, with investments exceeding $100 billion and a potential of 65 billion barrels of oil. The understanding was announced by the Republican magnate on Friday night and ratified hours later by the "presidenta encargada," Delcy Rodríguez.

The agreement generates contradictory interpretations that can be summarized in two views: "opportunity" and "surrender." Sectors analyze that oil has ended 13 years of Nicolás Maduro in power and now threatens to cause fractures in what remains of the Maduro regime and in the opposition itself, whose perplexity increased after Trump qualified Rodríguez as "the highly respected interim president."

The bilateral energy plan was presented as a long-term agreement that could transform Venezuela's oil industry, attracting foreign capital and American technology for the exploration of the vast oil resources of the South American country, which has the largest proven crude reserves in the world.

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