Venezuelan oil industry remains mired in secret deals despite accountability drive
Updated
Updated · The New York Times · May 5
Venezuelan oil industry remains mired in secret deals despite accountability drive
9 articles · Updated · The New York Times · May 5
After Nicolás Maduro's downfall, Donald Trump and new leader Delcy Rodríguez promised US oversight, monthly budgets, auditors and a public tracking website, but oil revenues remain opaque.
The report says none of those measures has clarified where Venezuela's oil money is going, raising doubts about political will in both Washington and Caracas.
Decades of corruption have left the sector deeply opaque; internal documents and official statistics show that earlier this decade, one dollar of every two earned from oil was stolen.
With U.S. control over Venezuelan oil, why has the promised era of transparency failed to materialize for its suffering citizens?
Does U.S. management of Venezuelan oil signal a new form of state tutelage rather than a path to sovereignty?