The acting president of Venezuela, Delcy Rodríguez, announced this Thursday that the revenues from energy agreements with the United States will be managed through two sovereign funds aimed at financing social protection programs and national infrastructure.
During his accountability report to the National Assembly, Rodríguez discussed the recent agreements between Caracas and Washington and detailed that the first fund will focus on social protection and will aim to “improve the income of Venezuelan workers, cover hospitals, schools, food, and housing.”
The second fund, on the other hand, will be used to restore infrastructure and services for water, electricity, and roadways.
"These funds will ensure that the foreign currency derived from energy cooperation with the United States is used transparently, without bureaucracy or corruption," Rodríguez stated, who also announced the creation of a digital platform to monitor the use of the resources.
The head of state also presented to the Parliament a bill to reform the Hydrocarbons Law, which aims to adapt Venezuelan regulations to the new investment schemes outlined in the Anti-Blockade Law.
Among the proposed changes, the formalization of the so-called Cheron model stands out —under which the American company operates in partnership with the state-owned Pdvsa— and the incorporation of Productive Participation Contracts (CPP) into the legal framework.
Rodríguez emphasized that by 2025, thanks to these cooperation mechanisms, investments nearing 900 million dollars were achieved in the oil sector.
"We are moving towards a mixed, more flexible model that promotes efficiency and ensures direct income to the country," he said.
The announcement reinforces the strategy of energy cooperation between Caracas and Washington initiated following the capture of Nicolás Maduro and the reestablishment of bilateral dialogue under the administration of Donald Trump.
Since then, the United States has authorized the marketing of up to 50 million barrels of Venezuelan crude oil, with an estimated value exceeding 500 million dollars.
The agreement, which is part of the economic stabilization package promoted by the White House, stipulates that the funds will be managed under international supervision before being transferred to Venezuela.
In his speech, Rodríguez stated that in 2025 there was "zero fuel importation" and that all the gasoline distributed in the country was the result of "national production."
"Venezuela has regained its productive and energy capacity thanks to international cooperation and national talent," he stated.
President Trump, for his part, noted on Wednesday that he had held an "excellent phone conversation" with Rodríguez, and stated that both governments are making "extraordinary progress" as Washington helps Venezuela to "stabilize and recover."
"This alliance between the United States and Venezuela will be spectacular for everyone," Trump wrote on Truth Social, highlighting that they discussed oil, minerals, trade, and national security.
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