Venezuela’s new leader calls for opening oil industry to foreign investment and warmer US ties


CARACAS, Venezuela (AP) — 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.

“Venezuela, in free trade relations with the world, can sell the products of its energy industry,” she said.

The Trump administration has said it plans to control future oil export revenues to ensure it benefits the Venezuelan people.

In that vein, Rodríguez described cash from the oil sales flowing into two sovereign wealth funds, one to support crisis-stricken health services and another to bolster public infrastructure, much of which was built under Maduro’s predecessor, Hugo Chávez, and has since deteriorated.

These days the country’s hospitals are so poorly equipped that patients are asked to provide supplies needed for their care, from syringes to surgical screws.

While Rodríguez criticized the U.S. capture of Maduro and referred to a “stain on our relations,” she also promoted the resumption of diplomacy between the historic adversaries. Her succinct, 44-minute speech and mollifying tone marked a dramatic contrast to her predecessors’ fiery rants against U.S. imperialism that often went on for hours.

“Let us not be afraid of diplomacy,” Rodriguez. “I ask that politics not be transformed, that it not begin with hatred and intolerance.”

The day before, she gave a 4-minute briefing to the media to say her government would continue releasing prisoners detained under Maduro’s harsh rule. But human rights groups have verified just a fraction of the releases that she claimed took place.

Rodríguez appears to be threading a needle.

A portrait of Maduro and his wife, Cilia Flores, was displayed next to her as she spoke. She called for the U.S. government to “respect the dignity” of Maduro, who is being held in a Brooklyn jail after pleading not guilty to drug-trafficking charges. She portrayed herself as defending Venezuela’s sovereignty even as the country warmed up to the U.S. with dizzying speed.



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