President in charge of the agreement with the US: Revenues would reach $209.335 million with minimum royalties of 16% and 34% of ISLR

Published at: 29/08/2026 09:58 PM

This Saturday, August 29, the President in charge of the Republic, Delcy Rodríguez, reported that the revenues of the Venezuelan State could reach 209.335 million dollars with the great Energy Agreement reached with the United States (USA).

“Venezuela, taking as a reference a price of 65 dollars per barrel, which may be more, may be less, but our country's revenues would reach a total of 209 billion dollars for the Venezuelan State in concrete terms,” he said.

In this regard, he explained that this would mean that about 19 dollars would enter the country directly for each barrel produced and sold.

He also recalled that the binational project to develop eight green blocks in the Orinoco Oil Belt includes minimum royalties of 16% and Income Tax of 34%, compared to the conditions applied during the oil opening 30 years ago, which were only 1% and 34%.

He stressed that the income of all these resources would make it possible to boost economic recovery and meet the needs of the population.

“All of this will make it possible to leverage the country's recovery and advance the improvements that all Venezuelans want, need and deserve,” said Rodríguez, who noted that the Government opted for diplomatic channels with the United States to transform differences into cooperation, investment and production.

Mazo News Team