# Venezuela's oil investment target

> Venezuela aims for $97.4 billion oil investment over five years.
- Title: Venezuela's oil investment target · The Straits Times
- Summary: Venezuela aims for $97.4 billion oil investment over five years. Venezuela expects $76 billion in oil investment over five years to revive production.
- Keywords: venezuela, oil investment, zulia state, delcy rodriquez, us backed, hydrocarbons framework, news, world, Venezuela's, oil, investment, target
- Source: The Straits Times — https://straitstimes.com/world/venezuela-expects-nearly-us76-billion-in-oil-investment-over-five-years-acting-president-says
- Published: 2026-10-18T01:31:00+00:00
- Read time: 1 min
- Topics: venezuela, oil investment, zulia state, delcy rodriquez, us backed, hydrocarbons framework, news, world
## Venezuela's oil investment target
Venezuela expects almost US$76 billion of oil and gas investment over five years.
## Investment agreements
Acting president Delcy Rodriguez signed 61 hydrocarbons agreements and negotiates 44 more.
## Job creation target
Projects could generate 324,000 direct and indirect jobs.
## US partnership
US backed North American Blue Energy Partners to invest up to $100 billion in 17 fields.
## Key takeaway

Venezuela expects $76 billion in oil investment over five years to revive production.