AP via KPBS on 55 percent effective output

… <div class="Figure-credit-container"><div class="Figure-credit">Pedro Mattey</div> <div class="Figure-divider">/</div> <div class="Figure-source">AP</div></div><figcaption class="Figure-caption">Venezuela's acting President Delcy Rodríguez speaks during a press conference in Caracas, Venezuela, on July 2, 2026.</figcaption></div> </figure> </div><p>The deal gives the United States 55% effective output of the new private company -- including an ownership stake and rights to buy oil at cost. The company would be the second largest corporate holder of proven reserves after Saudi Aramco, according to the official.</p><div class="Enhancement" data-align-center> <div class="AdModule" > <div class="AdModule-sponsorMessage">Advertisement</div> <ps-google-dfp-ad> <div id="googleAdf5e5ff6d-a372-438b-adf4-2b61ce0c3cb2" class="GoogleDfpAd " data-slot-name="1010421/KPBS_ad_injection" data-slot-sizes="[[320, 50], [728, 90]]" data-slot-adSizeMap="[[[320, 1], [320, 50]], [[728, 1], [728, 90]]]" data-targeting-data="{&quot;id&quot;:&quot;000001a0-4b48-d7e4-a9a9-effd066a0000&quot;,&quot;type&quot;:&quot;news-story&quot;,&quot;tags&quot;:[&quot;Latinx&quot;,&quot;NPR Top Stories&quot;],&quot;category&quot;:&quot;Politics&quot;,&quot;programs&quot;:[]}"> …