# Venezuela Signs New Oil Deals With U.S. Officials Present as Trump Declines to Press for Election Date

*Wednesday, September 2, 2026 at 8:07 PM UTC — Hamer Intelligence Services Desk*

**Published**: 2026-09-02T20:07:52.329Z (1h ago)
**Category**: markets | **Region**: Latin America
**Importance**: 7/10
**Sources**: OSINT
**Permalink**: https://hamerintel.com/data/articles/16635.md
**Source**: https://hamerintel.com/summaries

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**Deck**: Acting President Delcy Rodríguez has overseen new oil production agreements between PDVSA and foreign firms with the U.S. energy secretary in Caracas, while President Donald Trump says he will not demand Venezuela set an election date, arguing the country is not ready yet.

Venezuela is deepening energy cooperation with foreign partners at the same time the United States is signaling it will not push hard for an immediate national vote, underscoring how oil and politics are intertwined in the country’s external relations.

In Miraflores, acting president Delcy Rodríguez received U.S. Secretary of Energy Chris Wright. The two oversaw the signing of agreements for participation in production projects between state-owned oil company Petróleos de Venezuela (PDVSA) and several firms. The visit was described as part of a broader process of recent engagement.

Official Venezuelan channels have also highlighted that Rodríguez met earlier with senior figures from Italian energy company Eni and U.S. oil major Chevron. In parallel, PDVSA has announced strategic agreements aimed at boosting oil output and stabilizing the country’s energy supply, including an arrangement with General Electric to develop self-generation of electricity in operational areas.

Rodríguez has said these energy agreements are intended to improve the welfare of the population and guarantee national development, presenting them as steps toward greater stability in production and power supply.

On the political side, questions persist about when Venezuelans will next choose their leaders. Rodríguez has stated that Venezuela has a constitution and an electoral system defined by that constitution. She has said she does not set dates, but that since January her focus has been on democratic coexistence rather than on elections alone.

From Washington, Trump has taken a cautious public stance on timing. Asked what prevents him from demanding that Venezuela set a date for elections, he responded that he does not think the country is ready yet, describing the situation as very new after what he portrays as a move away from dictatorship. He has said the United States wants elections and that Rodríguez does as well, but has not specified when they should take place.

In separate Spanish-language remarks, Trump has underlined his support for the current president of Colombia and has referred to backing a candidate there he saw as tough, showing how personalities and perceptions of strength factor into his regional approach.

For Venezuelans, the combination of new oil deals and delayed clarity on elections means that potential economic gains from higher production may arrive before any firm schedule for political change. For energy markets, the agreements suggest that more Venezuelan barrels could enter the system at a time of global uncertainty.

Signals that will clarify the trajectory include concrete details on the volumes and timelines tied to the new PDVSA projects, any adjustments to U.S. sanctions and licenses linked to these deals, and formal announcements from Venezuelan electoral authorities about national voting plans.