Venezuela’s acting President Delcy Rodríguez used her first state of the union message Thursday to advocate for opening the crucial state-run oil industry to more foreign investment following the Trump administration’s pledge to seize control of Venezuelan crude sales.
For the first time, Rodríguez laid out a vision for Venezuela’s new political reality — one that challenges her government’s most deeply rooted beliefs less than two weeks after the United States captured and toppled former President Nicolás Maduro.
Under pressure from the U.S. to cooperate with its plans for reshaping Venezuela’s sanctioned oil industry, Maduro’s former vice president declared that a “new policy is being formed in Venezuela.” She urged the foreign diplomats in attendance to tell investors abroad about the changes and called on lawmakers to approve oil sector reforms that would secure foreign firms’ access to Venezuela’s vast reserves.
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