"The energy agreement brokered after Nicolas Maduro's arrest between U.S. President Donald Trump and Venezuela's interim president, Delcy Rodriguez, has transformed Venezuela's economic outlook in the blink of an eye. Just last December, the country faced a bleak 2026: international sanctions; triple-digit inflation spiraling out of control; a fiscal deficit of 9% of GDP; a meager wage scale; and minimal economic growth."
"The Trump administration has announced it will take approximately 50 million barrels of Venezuelan oil and sell it at international prices, without the discounts the Venezuelan state has had to accept in recent years due to its triangulated sales. Trump has lifted the ban on international companies and contractors interested in exploiting Venezuelan crude and has expressed a willingness to promote new investments in local oil fields. Companies like Chevron and Repsol are preparing to expand their presence in this new environment."
An energy agreement after Nicolas Maduro's arrest reopened Venezuelan oil to broader international markets and removed legal obstacles to resource exploitation. The U.S. will take about 50 million barrels and sell them at international prices while ending discounts tied to previous triangulated sales. Bans on foreign companies and contractors were lifted, prompting firms such as Chevron and Repsol to prepare expansion. The measures reduce barriers for PDVSA, and authorities report $300 million injected into the banking system. The White House will oversee local resource investment and parliament is moving to amend the Hydrocarbons Law to attract private capital. The parallel dollar exchange rate has already shifted.
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