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Venezuela’s Interim Leader Announces $1.4 Billion Oil Investment as Hydrocarbons Law Nears Approval

Rodríguez is coupling an oil‑opening drive with a vow that Venezuelans, not Washington, will decide the country’s course.

Overview

  • Delcy Rodríguez said $1.4 billion in 2026 oil projects have been signed, a planned 55% increase from roughly $900 million last year.
  • The hydrocarbons bill passed a first reading and is expected to be finalized soon, allowing Venezuela‑domiciled private companies to operate under contracts.
  • PDVSA chief Héctor Obregón set a goal to lift output by at least 18% in 2026 from about 1.2 million barrels per day currently.
  • Rodríguez called for talks with opposition factions and urged concrete, immediate agreements through a Venezuelan‑led process.
  • She publicly told the U.S. to stop issuing “orders,” while prisoner releases continue with conflicting counts between the government and NGO Foro Penal; the White House has signaled an invitation for a visit.