The meeting presented the balance and details of the third cycle of conversations held in Caracas, a process that included six working sessions structured in two plenary sessions and fifteen meetings. On Wednesday, the delegations held the final plenary of the third cycle, focused on reviewing compliance with agreements on institutional matters and renewal of the judicial system.
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The acting president contrasted that willingness with the actions of small groups that insist on blocking streets and violence, and said the majority of the country supports joint work, as demonstrated by mobilizations of Venezuelan women during breast cancer awareness month. She said that when common interests such as women’s health and lives unite people, that is the Venezuela she recognizes.
The formal negotiation process began on August 12, when both parties agreed on a working methodology and installed technical tables to address care for victims of the June earthquakes, democratic strengthening and judicial reforms. The third cycle was installed on Wednesday the 14th with the central goal of advancing renewal of the Supreme Court of Justice and setting participation guarantees for political organizations.
As part of the commitments, the installation of the new Table 4 on Political, Economic and Social Guarantees was formalized, highlighting mediation and conciliation mechanisms under the Program for Peace and Democratic Coexistence and the start of discussions to create an Ombudsman for Political Guarantees and Citizen Participation. A deep review was also agreed of key legal instruments, including the Law on Political Parties, Public Meetings and Demonstrations; the Liberator Simón Bolívar Organic Law; the Organic Law against Organized Crime and Financing of Terrorism; and the Organic Law of the Comptroller General and the National Fiscal Control System, to evaluate matters related to political disqualifications.
In the institutional and judicial sphere, the work of the Preliminary Commission of the Judicial Nominations Committee was recognized after it interviewed 127 candidates from different sectors. It was announced that the next National Assembly session will appoint the 12 members of the nominations committee, allowing publication of the constitutional schedule and subsequent activation of the Credentials Review Council.
On economic and patrimonial matters, the parties reaffirmed the urgency of recovering Venezuela’s international reserve assets at the Bank of England, the Venezuelan gold, to assist the population affected by the June 24 earthquakes. They agreed to form a parity delegation to manage these actions and promote economic and social prosperity in health, education, food and workers’ income.
The statements came amid what officials called a strategic reconfiguration of the Venezuelan hydrocarbon industry. After years of intense global financial restrictions, the gradual operational reactivation of agreements between state-owned oil company Petroleos de Venezuela (PDVSA) and international firms aims to restore a steady flow of foreign currency into the national treasury.
“No foreign agency or international financial entity administers or safeguards the public funds that enter the country from hydrocarbon sales,” National Assembly President Jorge Rodriguez said.
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Rodríguez detailed that the money enters the public treasury under the supervision of authorized national banks, and he ruled out any external trust or any management of accounts by third parties outside the country’s institutions. In this sense, he called autonomy over foreign currency “a non-negotiable principle” for the country’s macroeconomic stability.
71 agreements are currently in force, while another 44 contracts are being negotiated. For the government, that volume confirms an operational momentum geared toward diversifying investment across the country’s main extraction fields.
The National Assembly President presented this dynamism as the result of a deliberate push to reopen the sector to international capital without surrendering control. Over the past several years, sweeping financial measures limited Venezuela’s ability to sell crude, collect payments and maintain production infrastructure. The current wave of deals represents a step-by-step return to commercial activity.
#EnVideo📹 | Coordinador del diálogo por el Gobierno Nacional, Jorge Rodríguez, aseveró que Venezuela mantiene el control sobre los recursos financieros obtenidos a través de la comercialización de petróleo hacia distintos países del mundo. pic.twitter.com/MUoEuwKXQI
— Ministerio de Comunicación e Información (@mippci_ven) October 22, 2026
Text reads: “Coordinator of the dialogue by the National Government, Jorge Rodríguez, asserted that Venezuela retains control over financial resources obtained through the marketing of oil to different countries in the world.”
Each reactivated agreement carries a single objective, officials indicated, the capture of hard currency for the public coffers. That revenue is meant to fund the productive apparatus and national infrastructure rather than remain subject to outside oversight.
By spreading investment across the country’s principal extraction zones, the government seeks to reduce dependence on any single field or partner.
Reaffirming sovereign control over monetary flows stands as a central pillar of the government’s message. The leadership projected institutional stability at a moment when Washington continues to review and adjust the licenses it grants for oil operations.
Rodríguez also denounced continuous pressure and unilateral coercive measures against the country’s financial system by foreign powers. He said that, despite what he described as an economic siege, the government has consolidated alternative mechanisms to receive payments directly for oil-product exports.
Against that backdrop, the government is working to shield energy agreements legally, dismiss any suggestion of foreign tutelage and guarantee direct financing for public budgets.
Official strategy insists that autonomous management of oil income is an indispensable guarantee for preserving fiscal balance, defending the national currency and sustaining social development programs.
For the Bolivarian government, legal protection of the energy agreements goes hand in hand with financing priorities. The revenue is meant to flow directly toward the productive apparatus and public infrastructure, a framework that Rodriguez described as essential to institutional stability.
This phase covered the review of commitments from the second cycle, which concluded Sept. 25 with partial agreements on lifting restrictions on digital news portals, adding guarantees for the right to information and progress in judicial renewal.
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The agenda also included installing the Credentials Review Council for applicants to the Supreme Court of Justice as part of discussions on the judicial system.
En desarrollo la última plenaria del tercer ciclo de conversaciones. pic.twitter.com/n46lLsSMaC
— Jorge Rodríguez (@jorgerpsuv) October 21, 2026
The government delegation was headed by National Assembly President Jorge Rodríguez and included deputies Pedro Infante, Jorge Arreaza and América Pérez, Minister of University Education Ana María Sanjuan and Deputy Minister Génesis Garvett. The 2015 Assembly delegation included Dinorah Figuera, accompanied by Juan Miguel Matheus, Sergio Vergara, Marco Aurelio Quiñones and Ramón López.
The formal talks began Aug. 12, when both parties agreed on a working methodology and installed technical tables on care for earthquake victims, democratic strengthening and judicial system reforms.
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