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Venezuela oil deal: $19 per barrel — $209 billion total Delcy Rodríguez just broke down the math behind the landmark US-Venezuela agreement. Core insight: the country gets $19 for every barrel produced and sold — potentially $209 billion over 25 years. 🔸 17 strategic fields targeted — goal: 1.5 million bpd 🔸 Royalty: 16% — Profit tax: 34% (based on $65/bbl) 🔸 Venezuela provides resources, expertise — US provides capital, technology Venezuela will maintain ownership and sovereignty over its resources, while using capital, technology, and operational capabilities to rebuild a strategic industry severely damaged by sanctions, she added.