Rerum Novarum // Intel, Breaking News, and Alerts 🇺🇸

🇺🇸🇻🇪⚡️- Venezuela expects nearly $76 billion in oil investment over the next five years following a series of agreements with foreign partners, including a major bilateral energy accord with the United States. Acting President Delcy Rodríguez announced that the US agreement covers 17 oilfields and includes plans to drill 250 rigs, forming part of a broader package of 61 agreements. She also reported that oil production in western Zulia state has increased from 70,000 to 370,000 barrels per day, with output expected to reach 400,000 by the end of 2026. The planned investments represent a major expansion of American involvement in Venezuela's energy sector following Nicolás Maduro's removal in January, with the potential to substantially increase production from the world's largest proven crude oil reserves.