President Rodríguez: ExxonMobil will join Venezuela's economic growth drive

Published at: 09/11/2026 10:55 PM

The president of Venezuela, Delcy Rodríguez, during the signing of a memorandum of understanding between Petrleos de Venezuela Sociedad Anónima (PDVSA) and the US company ExxonMobil, confirmed the effective return of the oil company to hydrocarbon operations in the country after several months of negotiations.

“Today it's a very important firm. First, it reveals months of negotiations for an effective return of ExxonMobil to hydrocarbon operations by Venezuela,” said the president.

Rodríguez highlighted the importance of the agreement with ExxonMobil to boost economic growth and improve the daily lives of Venezuelans.

The president stressed that the agreement seeks to articulate a synergy of success in the short, medium and long term within a framework of legal security that guarantees international operations and brings benefits to national development.

“We hope that Exxon's investments are taking place under very favorable conditions also for this internationally renowned company, in a framework of legal security that is very important to guarantee its investments and operations and that Venezuela can receive benefits in return for its national development, for its economic growth, but which ultimately translates into the daily lives of Venezuelans and Venezuelan women,” he said.

Mazo News Team