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Latin Times
Latin Times
Business
Miguel Paiva

What Venezuela's Total Energies Deal Actually Promises — And What It Leaves Out

Venezuela Delcy Rodríguez TotalEnergies Oil PDVSA British Petroleum Human Rights Watch United States
General view of the Jose Antonio Anzoategui Petrochemical Complex in Puerto Piritu, Anzoategui, Venezuela on September 17, 2026. Under a recent agreement that US President Donald Trump called the "biggest oil deal in world history," the two countries announced that the US will be granted control of about one-fifth of Venezuela's reserves, a move that Venezuela's President Delcy Rodriguez's critics decried as signing away sovereignty over the country's resources. (Credit: Photo by Maryorin Mendez / AFP via Getty Images)

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