Venezuela Defends Controversial Oil Deal With US, Reasserts Sovereignty

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Source: The Guardian
Venezuela Defends Controversial Oil Deal With US, Reasserts Sovereignty
Photo: The Guardian
TL;DR Summary

Venezuela’s acting president Delcy Rodríguez defended a secret, controversial deal with the United States that would see Washington control around 65 billion barrels of Venezuelan oil and claim more than $209 billion in revenues, while Caracas insists it retains ownership and sovereignty and aims to turn the oil wealth into development; critics call it neocolonial and warn it could undermine democracy and elections.

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