Only Democratic Government Can Provide Stability for Oil Investors, Venezuelan Opposition Leader Says
Machado said investors need long-term certainty and security, as private companies including Chevron and Eni signed deals to revive Venezuela's oil industry.
- On Wednesday, Interim President Delcy Rodriguez and US Energy Secretary Chris Wright oversaw a signing ceremony where firms including Eni, GE Vernova, and Chevron committed to expand oil projects in Venezuela.
- Currently, Venezuela's oil industry produces about 1.25 million barrels per day, far below its 3 million barrel peak in the late 1990s, driving the need for foreign investment to revive production.
- On Thursday, opposition leader Maria Corina Machado stated only a "serious, democratic government" can provide the stability needed by investors, while questioning the "true scope" of the agreements.
- Secretary of State Marco Rubio defended the arrangement this week, describing it as aligning Venezuela's energy industry with the United States while helping rebuild a nation ravaged by corruption.
- These projects remain distinct from a separate Caracas-Washington deal that grants the US access to 17 oilfields, demonstrating the scope of the bilateral energy partnership between both nations.
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36 Articles
The Korea Times
Courthouse News ServiceMachado says Venezuela needs 'more than money' after US oil deal
CARACAS — Venezuelan opposition figure Maria Corina Machado on Thursday called for a democratic transition in her country after the interim government struck a massive oil deal with the United States. The agreement grants U.S. access to more than 65 billion barrels — almost 20 percent — of oil in Venezuela, which holds the largest proven reserves in the world. Celebrating the "historic" pact on Wednesday, U.S. President Donald Trump and Venezuel…
Opposition leader María Corina Machado said that only a democratic government can give stability to oil investors.
The Nobel Peace Prize statements were endorsed by US Congressman Carlos Giménez, who linked the country's prosperity to the end of the regime and the return of democracy.
María Corina Machado Challenges Trump's Venezuela Deal, Calling for Transparency
María Corina Machado delivered her clearest public challenge yet to President Donald Trump's handling of Venezuela's post-Maduro transition, questioning whether an oil agreement negotiated with Delcy Rodríguez's interim government can provide the stability, transparency and legal certainty needed to attract the investment Venezuela requires.
Only democratic government can provide stability for oil investors, Venezuelan opposition leader says
Sept 3 (Reuters) - Only a "serious, democratic government" can provide the stability needed by investors in Venezuela's oil sector, opposition leader and Nobel Peace Prize winner Maria Corina Machado said in a video message on Thursday. International e...
La Nobel de la Paz María Corina Machado has questioned Thursday the oil agreement with Venezuela announced by Donald Trump and supported by the dictatorship of Delcy Rodríguez, warning that the future of Venezuelan resources demands above all democratic legitimacy. In its first pronouncement on the pact, having kept a low profile this summer, the opposition leader has defended the association with the United States, but has rejected that it will…
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