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Venezuela Explained

The Pearls of González López and Jorge Rodríguez to Support the Oil Agreement with the United States

Venezuelan officials, including Defense Minister Gustavo González López and Jorge Rodríguez, publicly defended a new energy agreement with the United States, which grants US companies rights to develop 17 oil fields for up to 100 years.

Tracked question

Is the regime's fiscal position stabilizing or collapsing? · Full question dossier →

linked by topic terms: oil

What would settle it: Two quarters of consistent PDVSA output and reserve figures from independent trackers.

Evidence state: establishedas of Sep 12, 2026changed from emerging → establishednot yet linked to a tracked event object in our corpus — no source count yet

The agreement covers 17 oil fields with a projected production of over 1.5 million barrels per day and a 25-year term, but US disclosures indicate North American Blue Energy Partners (Nabep) obtained exploration and exploitation rights for 100 years.

Defense Minister Gustavo González López expressed full military support for the deal, calling it a decision for peace and prosperity, not subordination.

Jorge Rodríguez justified the agreement by citing Hugo Chávez's goal of increasing oil production and selling to the US, framing it as a historical objective.

The US Department of Defense will hold a 35% stake in Nabep, and the fields represent about a fifth of Venezuela's proven reserves.

AI-assisted synthesis anchored to a real VeraVadis-analyzed source. Cleared by VeraVadis's automated editorial gates on 2026-09-11 — not reviewed by a human editor. Archive piece: published under our earlier method. It does not carry the per-claim evidence chain — who reported it first and who is echoing whom — that our current pieces carry. The source link and the date are the original ones.