Venezuela’s Delcy Rodríguez says oil deal with Trump has ‘endless’ benefits
Deal that will reportedly see US take control of 65bn barrels of Venezuelan oil has provoked outrage in her country Venezuela’s interim president, Delcy Rodríguez, has defended her government’s highly controversial energy deal with Donald Trump, insisting the South American country will maintain ownership and sovereignty over its massive oil reserves. Rodríguez, who assumed power in January after…
Venezuelan Interim President Delcy Rodríguez defended her country's contentious oil deal with the United States, insisting that the nation will retain control and sovereignty over its vast oil reserves. The deal, which reportedly grants the US control over 65 billion barrels of Venezuelan oil, has sparked outrage among both opposition members and within the Chavismo political movement she belongs to.
Rodríguez defended the agreement on Saturday, stating that the deal would "endlessly" benefit Venezuela by helping the country develop its economy, generate over $209 billion in revenues, and become an energy powerhouse. She argued that merely possessing oil reserves was not enough; her nation required investment, technology, infrastructure, and production capacity to transform this wealth into genuine development for its people.
The deal, which was struck during months of secret negotiations, has drawn criticism due to its potential to undermine efforts to restore democracy in Venezuela. Critics, including opposition figures and the opposition leader Juan Pablo Guanipa, view the agreement as a "massive land grab" by the US, which they claim has never before been done in Venezuela or elsewhere in the world.
Written by urgent.news from The Guardian's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
