Delcy Rodríguez: For energy security, there must be investment security

Published at: 09/07/2025 12:23 PM

The Executive Vice President of the Bolivarian Republic of Venezuela and Minister of Hydrocarbons, Delcy Rodríguez, pointed to economic blockades as the main obstacle against investments to guarantee global energy security.

From Vienna, where he participates in the 9th International Seminar of the Organization of Petroleum Exporting Countries (OPEC), Rodríguez stressed that “the issue of financing in the energy transition and in the energy future of the peoples of the world cannot be seen in isolation without considering the geopolitical factor (...) where large producers and large holders of oil and gas reserves are under sanctions by the West”.

During an interview for TeleSUR, with journalist Jorge Gestoso, the Vice President indicated that these unilateral coercive measures, “they are illegal sanctions, they are economic wars, the world is at war. And economic war is also a form, it's an expression of attacking countries.”

In this regard, he stressed that Venezuela is under economic war, “an economic aggression that mainly hit the hydrocarbon industry”, and “it is very important to keep in mind for the future that if we consider investment in fossil energy, investment in renewable energy must be balanced in order to guarantee what is called the energy trilemma.”

Rodríguez explained that the energy trilemma refers to ensuring the energy supply, which is accessible to peoples, in addition to taking into account the climate emergency.

“So, in order for this energy trilemma to be guaranteed, for there to be energy security, there must be security in investment today,” he said, reiterating that what affects investments are “irrational Western blockades, trying to blackmail large producers or wealth holders and reserve holders.”

Mazo News Team