Acting Venezuelan President Delcy Rodriguez has finalized petroleum agreements with energy giant Shell, according to state-controlled media reports released Thursday, though specific terms of the contracts were not disclosed.
State broadcaster VTV aired footage without sound showing Rodriguez meeting with formally dressed officials, including U.S. Interior Secretary Doug Burgum, who is currently visiting the South American nation.
Shell has not yet provided a response to requests for information about the agreements.
Military-focused state television channel TV FANB announced the development on their Telegram platform, stating: “In a decisive step toward strengthening our industry, Acting President Delcy Rodríguez led the signing of important agreements with international oil company Shell. This strategic alliance reaffirms that Venezuela continues to be a safe and reliable destination for foreign investment, driving the development of the hydrocarbons sector and the nation’s economic stability.”
Burgum, who leads the U.S. National Energy Dominance Council, has praised Rodriguez’s efforts to welcome international investment in the country’s oil and mining sectors, mirroring statements made by President Donald Trump.
This marks the second visit by a U.S. cabinet member to Venezuela following January’s American military operation that resulted in the capture of former President Nicolas Maduro. Energy Secretary Chris Wright made a trip to the country in February.
Venezuela’s parliament approved comprehensive oil sector legislation in January that reduced tax burdens, enhanced the petroleum ministry’s authority, and provided independence for private energy companies, among other changes designed to encourage investment.
