World News

05-03-2026

US and Venezuela Discuss Joint Oil, Gas and Mining Projects

High-ranking representatives from the United States and Venezuela held talks in Caracas aimed at restoring cooperation in key economic sectors. U.S. Secretary of State Doug Burgum and Acting President of Venezuela Delsi Rodríguez discussed plans to bring American companies back into the country to operate in the oil, gas, and critical minerals sectors. The Venezuelan side, for its part, pledged to reduce bureaucratic barriers to facilitate new investment and create additional jobs.

Venezuela announced that it is preparing a draft law to reform mining legislation. The aim of the changes is to align the regulatory framework with the agreements reached with the American delegation, as well as to promote the introduction of modern technologies into the mining sector. Rodríguez also expressed appreciation for the role played by the administration of former U.S. President Donald Trump in strengthening bilateral dialogue. The meeting was also attended by U.S. Chargé d’Affaires Laura Dogu, heads of oil companies, and key Venezuelan ministers and the head of the state oil company PDVSA.

This official visit is part of a series of diplomatic contacts that resumed after political changes in Venezuela at the beginning of 2026. Burgum’s trip to the Venezuelan capital will last two days and is aimed at specifying items of a joint energy “roadmap.” The talks mark an important step in normalizing economic relations between the two countries after a period of tension.

Full version: Doug Burgum destaca “sinergia” con Venezuela en petróleo, gas y minería