The acting president of Venezuela, Delcy Rodríguez, has announced that the country's oil sector expects to attract around 76 billion dollars (more than 67 million euros) in investments over the next five years, emphasizing that these resources will be transformed into "direct benefits for the country."
During the closing ceremony of the Energy Conference 2026, Rodríguez highlighted that the 61 agreements already signed and the 17 agreements reached with the United States have been closed "thinking about the future" and "providing hope to Venezuelans," as reported by the Venezuelan newspaper "El Nacional."
In relation to the Hydrocarbons law —a regulation that governs all tasks of exploration, exploitation, refining, and transportation of oil and gas in Venezuelan territory— the leader has defended that the contracts linked to the participation of workers will generate benefits "both for investors and for the country" and has reiterated that her Executive will be "very attentive" to ensure that the regulation is complied with, considering it "beneficial for all."
Rodríguez has assured that this framework will drive strong job creation, reaching "324,000 in 10 years, including direct, indirect, or induced jobs" and has also referred to the "binational" agreement with the United States, which includes 250 projects and will involve the "hiring of about 200 workers."
In this line, the acting president has announced the establishment of a "technical table" in which the industry, investors, and oil chambers will participate to guarantee "employment" and the "participation of national suppliers."
In recent months, Venezuela has been progressively reopening its energy sector to foreign investment, with the support of the U.S. administration of Donald Trump.
In May, the state-owned Petróleos de Venezuela (PDVSA) and the American companies Overseas Oil Company and Crossover Energy Holding signed several energy agreements that Rodríguez later defined as an "extraordinary expression" of negotiation, set to inaugurate for Venezuela a "new stage in the hydrocarbons industry" and to "position it in the international energy formula."