Nicolás Maduro reappears after Venezuela announces 25-year U.S. oil agreement

  • Nicolás Maduro posted his first public photograph since his January removal from Venezuela.
  • 25-year agreement covers 17 fields and targets production above 1.5 million barrels daily.
  • Delcy Rodríguez says Caracas retains resource ownership under the announced framework.

Nicolás Maduro made his first public appearance since being flown to New York in January, posting a photograph dated June 25, two days after Venezuela’s interim government announced a 25-year oil agreement with Washington. Delcy Rodríguez, who has led Venezuela since Maduro’s removal, said the framework covers 17 strategic fields in the Orinoco Belt and Lake Maracaibo and targets production above 1.5 million barrels per day. U.S. officials said Washington would control 55% of the joint venture’s effective output and receive crude at cost, while President Donald Trump said the arrangement gives the United States majority control over more than 65 billion barrels of proven reserves. Rodríguez estimated approximately $209 billion in net revenue for Venezuela and said Caracas retains ownership of its resources. The agreement has drawn criticism over its legitimacy, legal basis, institutional impact and economic terms, while its implementation faces degraded infrastructure, investment needs estimated at $100 billion to $180 billion and unresolved questions about financing and operators. Maduro’s image, showing him in gray athletic wear and white sneakers making V-for-victory signs, projected continued political influence as Venezuela’s oil future is reshaped without him.

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