The acting president of Venezuela, Delcy Rodríguez, has detailed this Sunday the characteristics of the new oil agreement reached with the United States, a deal that will last for 25 years and that, as she has emphasized, fully preserves the country's sovereignty over its natural resources.
In an official message addressed to the nation, the leader has specified that the understanding between Caracas and Washington has been signed for a period of "25 years" and that it includes "the development of 17 strategic fields," with a production goal "greater than 1.5 million barrels per day."
Rodríguez has also indicated that the pact signed with the White House will mean for the Venezuelan state an income close to 210 billion dollars (about 193 billion euros), according to projections handled by the acting president herself.
"All this will allow us to leverage the recovery of the country and advance in the improvements that all Venezuelans want, need, and deserve. That is why we chose the path of diplomacy with the United States of America, to transform our differences into cooperation," she emphasized during her speech.
With these explanations, the leader has tried to send a message of calm to the population, stressing that Venezuela "retains ownership and sovereignty over its resources," while the agreement opens the door to recover the operational capacity of an oil industry "severely hit by sanctions."