Venezuela in June 2026: the most important developments in economy
In June 2026 in Venezuela, the economy was shaped late in the month by the earthquakes of 25 June. Google and Starlink provided help to the country, and on 26 June the United States suspended its sanctions on Venezuela and deployed troops.
Energy and foreign investment ran through the rest of the month. Delcy Rodríguez visited India in early June, where India's oil minister said Indian companies were willing to deepen their presence in Venezuela. Venezuela granted Shell a license to extract natural gas, including in the Loran field, and Trinidad expected major gas exports from a Venezuelan field. Investment firms joined President Donald Trump's $100 billion call to pursue Venezuelan oil assets, and US Energy Secretary Chris Wright said US refiners could absorb more Venezuelan oil. Venezuela opened its electricity sector to private capital, signed a cooperation agreement with General Electric and a power deal with a US energy company, and the first company privatized under Argentine President Javier Milei signed a deal for Venezuelan hydro plants. Reports said the reforms had yet to attract investors, who remained wary of the legal system and infrastructure.
On debt, Venezuela was set to reveal a $240 billion debt pile in what was described as the world's largest restructuring, and Lazard bid to replace Centerview as its financial adviser.
by WorldBrief & Maksim Micheliov | AI-generated summary
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