Executive Vice President Delcy Rodríguez revealed that 26% of global oil production is located in countries subject to illicit sanctions. She made this statement during her participation in the Russian Energy Week 2025 International Forum, being held in Moscow.
During her remarks, the senior official added that a staggering 43% of global crude oil reserves are affected by unilateral coercive measures: “Without a doubt, energy is at the center of global geopolitics,” stated Rodríguez at the forum, which will run until October 17.
The also Minister for Hydrocarbons also envisioned the development of continued aggression against key countries for oil and gas production. In this geopolitical context, she warned about the implications of militarily attacking nations with large reserves, clearly referring to Venezuela: “(A) Military attack on the country with the largest oil reserves on the planet has implications for the international energy mix,” noted Rodríguez. This statement directly alludes to the United States naval mission deployed near the Venezuelan coast in the Caribbean Sea.
The Vice President emphasized that hydrocarbons will maintain a fundamental role in the global energy mix until at least 2050. This forecast responds to the growing demand from nations in Africa, Latin America, and industrialized and overpopulated countries such as China and India.
Finally, Rodríguez highlighted the crucial role of the Global South as a driver of growth in the international economy and energy demand. Her intervention at the Russian forum underscores the interconnection between energy stability, geopolitics, and the economic development of nations.