HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 12.May.2026, Words: 2087) — As Caracas courts Caribbean partners again — signaled most recently by a new deal with Barbados — Venezuela’s interim leader Delcy Rodríguez appears to be testing the waters for a PetroCaribe reboot. But any “PetroCaribe 2.0” will operate in a radically different energy, fiscal, and geopolitical landscape than the one late Venezuelan leader Hugo Chávez Frías leveraged in 2005.
PetroCaribe 2.0 will need a much more transparent and legally robust structure than its predecessor if it is to gain broad uptake beyond a handful of politically aligned states.
