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The Economic Times

Economy / The Economic Times

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Venezuela's interim president says US energy deal will last 25 years

Venezuela's interim president announced a historic 25-year energy accord with the United States. This agreement targets increasing crude output to 1.5 million barrels daily. It aims to revive the nation's economy and boost government revenue significantly. The deal preserves Venezuela's sovereignty over its vast natural resources. Several companies, including US firms, are expected to sign new oil rights next week.

30 Aug 2026 7:34 am