Record · the original document behind a story
Delcy Rodriguez defends oil deal with Trump
Published by The Guardian on August 30, 2026.
The Guardian's record of Rodriguez saying Venezuela keeps ownership, and of domestic opposition.
The cited passage, with surrounding source text
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srcSet="https://i.guim.co.uk/img/media/a05710204f48a2fa20464f28a36ef2667539fbe3/185_142_4154_3323/master/4154.jpg?width=700&dpr=1&s=none&crop=none" media="(min-width: 740px)"/><source srcSet="https://i.guim.co.uk/img/media/a05710204f48a2fa20464f28a36ef2667539fbe3/185_142_4154_3323/master/4154.jpg?width=620&dpr=2&s=none&crop=none" media="(min-width: 660px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 660px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/a05710204f48a2fa20464f28a36ef2667539fbe3/185_142_4154_3323/master/4154.jpg?width=620&dpr=1&s=none&crop=none" media="(min-width: 660px)"/><source srcSet="https://i.guim.co.uk/img/media/a05710204f48a2fa20464f28a36ef2667539fbe3/185_142_4154_3323/master/4154.jpg?width=645&dpr=2&s=none&crop=none" media="(min-width: 480px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 480px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/a05710204f48a2fa20464f28a36ef2667539fbe3/185_142_4154_3323/master/4154.jpg?width=645&dpr=1&s=none&crop=none" media="(min-width: 480px)"/><source srcSet="https://i.guim.co.uk/img/media/a05710204f48a2fa20464f28a36ef2667539fbe3/185_142_4154_3323/master/4154.jpg?width=465&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/a05710204f48a2fa20464f28a36ef2667539fbe3/185_142_4154_3323/master/4154.jpg?width=465&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Delcy Rodríguez, in a pastel-blue jacket, gestures with both hands while speaking to camera" src="https://i.guim.co.uk/img/media/a05710204f48a2fa20464f28a36ef2667539fbe3/185_142_4154_3323/master/4154.jpg?width=465&dpr=1&s=none&crop=none" width="465" height="371.97761194029846" loading="eager" class="dcr-up96pv"/></picture><span class="dcr-kogzpx"><div class="dcr-18mnkpm"><div class="dcr-1294qmb"><label for="the-checkbox" class="dcr-4sl2vt"><svg width="6" height="14" fill="white" viewBox="0 0 6 14"><path d="M4.6 12l-.4 1.4c-.7.2-1.9.6-3 .6-.7 0-1.2-.2-1.2-.9 0-.2 0-.3.1-.5l2-6.7H.7l.4-1.5 4.2-.6h.2L3 12h1.6zm-.3-9.2c-.9 0-1.4-.5-1.4-1.3C2.9.5 3.7 0 4.6 0 5.4 0 6 .5 6 1.3c0 1-.8 1.5-1.7 1.5z"></path></svg></label><input type="checkbox" id="the-checkbox"/> <div id="the-caption"><figcaption data-spacefinder-role="inline" class="dcr-1mfxiaj"><span class="dcr-13i4yc9"><svg width="18" height="13" viewBox="0 0 18 13"><path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path></svg></span><span class="dcr-1cipnsy">Delcy Rodríguez claimed the deal would help her country become ‘an energy powerhouse’.</span> Photograph: Presidency of Venezuela/EPA</figcaption></div></div></div></span><a href="#img-1" data-ignore="global-link-styling" class="open-lightbox dcr-zwabc0" aria-hidden="true" tabindex="-1"><button data-element-id="1a975f91-92f5-4d28-8383-181a6fe94d21" type="button" class="open-lightbox dcr-1bitgpn" aria-haspopup="dialog"><svg viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" focusable="false" aria-hidden="true"><path fill-rule="evenodd" clip-rule="evenodd" d="M23 8.75V1.5l-.5-.5h-7.25v1.25l4.5.6L14 8.575 15.4 10l5.75-5.725.6 4.475zm-22 6.5v7.25l.475.5h7.25v-1.25l-4.475-.6 5.725-5.775L8.6 14l-5.775 5.725-.575-4.475z"></path></svg><span class="dcr-1shbixy">View image in fullscreen</span></button></a></div><span class="dcr-qda0hp"><figcaption data-spacefinder-role="inline" class="dcr-1e9iiy9"><span class="dcr-13i4yc9"><svg width="18" height="13" viewBox="0 0 18 13"><path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path></svg></span><span class="dcr-1cipnsy">Delcy Rodríguez claimed the deal would help her country become ‘an energy powerhouse’.</span> Photograph: Presidency of Venezuela/EPA</figcaption></span></figure></div></div></div><aside data-gu-name="title" class="dcr-rkugzy"><div class="dcr-4vvq0s"><div class="dcr-0"><span class="dcr-c2pk3s"></span><a href="https://www.theguardian.com/world/venezuela" data-component="section" data-link-name="article section" class="content__label__link dcr-b3hcnl"><span>Venezuela</span></a></div></div></aside><div data-gu-name="headline" class="dcr-1wkqsgl"><div class="dcr-6mja0y"><h1 class="dcr-l0wuod">Venezuela’s Delcy Rodríguez defends ‘endless’ benefits of her oil deal with Trump</h1></div></div><div data-gu-name="standfirst" class="dcr-47amn7"><div class="dcr-8q9fjy"><p>Deal that will reportedly see US take control of 65bn barrels of Venezuelan oil has provoked outrage in her country</p></div></div><aside data-gu-name="meta" class="dcr-c3afk8"><div class="dcr-1r7uyhr"><svg xmlns="http://www.w3.org/2000/svg" width="100%" height="13" viewBox="0 0 1300 13" preserveAspectRatio="none" stroke="var(--article-border)" stroke-width="1" aria-hidden="true" focusable="false" class="dcr-1ioulxl"><line x1="0" x2="1300" y1="0.5" y2="0.5"></line><line x1="0" x2="1300" y1="4.5" y2="4.5"></line><line x1="0" x2="1300" y1="8.5" y2="8.5"></line><line x1="0" x2="1300" y1="12.5" y2="12.5"></line></svg></div><div class="dcr-18aucbd"><div class="dcr-vyk1vu"><div class="dcr-19o5mbt"><div><address data-component="meta-byline" data-link-name="byline" data-gu-name="byline"><div class="dcr-15wyqgv"><a rel="author" data-link-name="auto tag link" href="https://www.theguardian.com/profile/tomphillips">Tom Phillips</a><span> Latin America correspondent</span></div></address><details style="--mobile-colour:var(--dateline)" data-gu-name="dateline" class="dcr-kzowyp"><summary class="dcr-njvsm3"><span class="dcr-10i63lj">Sun 30 Aug 2026 11.08 EDT</span></summary>Last modified on Sun 30 Aug 2026 21.30 EDT</details></div></div><div 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insisting the South American country will maintain ownership and sovereignty over its massive oil reserves.</p><p class="dcr-1s160rg">Rodríguez, who assumed power in January after Trump ordered the abduction of the president, Nicolás Maduro, took to the airwaves on Saturday to push back against criticism of what the US president has called “the biggest oil deal in world history”.</p><div id="sign-in-gate"></div><p class="dcr-1s160rg">“The benefits are endless,” claimed Rodríguez, a former vice-president whom Trump backed after ordering Maduro’s capture during a special forces raid on the capital, Caracas.</p><p class="dcr-1s160rg">During a six-minute television broadcast, Venezuela’s acting leader claimed the deal would help her resource-rich country develop its economy, earn revenues of more than $209bn (£154bn), and become “an energy powerhouse”.</p><p class="dcr-1s160rg">Rodríguez said: “As everyone knows, our country has the biggest oil reserves in the world. But having resources underground isn’t enough. We need investment, technology, infrastructure [and] production capacity to convert this wealth into wellbeing for our people.”</p><p class="dcr-1s160rg">She added: “It’s no use having our oil reserves underground, only to appear in statistics or bookkeeping … and for us not to be able to convert and translate them into development for Venezuela.”</p><figure id="42f754de-9422-4d76-8331-3a03e749e3be" data-spacefinder-role="richLink" data-spacefinder-type="model.dotcomrendering.pageElements.RichLinkBlockElement" class="dcr-1oq85qr"><gu-island name="RichLinkComponent" priority="feature" deferUntil="idle" props="{"richLinkIndex":6,"element":{"_type":"model.dotcomrendering.pageElements.RichLinkBlockElement","prefix":"Related: ","text":"Trump announces new US oil agreement with Venezuela","elementId":"42f754de-9422-4d76-8331-3a03e749e3be","role":"richLink","url":"https://www.theguardian.com/us-news/2026/aug/28/trump-venezuela-oil-agreement"},"ajaxUrl":"https://api.nextgen.guardianapps.co.uk","format":{"design":0,"display":0,"theme":0}}"><div data-print-layout="hide" data-link-name="rich-link-6 | 6" data-component="rich-link" data-name="placeholder" class="dcr-1rx5ky9"><div data-format-theme="5" data-format-design="0" data-format-display="0" class="dcr-jj5dvs"><a href="https://www.theguardian.com/us-news/2026/aug/28/trump-venezuela-oil-agreement" class="dcr-f35c0u"><div class="dcr-1qrpqn4"></div><div class="dcr-vvxpdt"><div class="dcr-6z6e7"><div class="dcr-zh9rih">Trump announces new US oil agreement with Venezuela</div></div><div class="dcr-oj13vq"><svg width="24" height="24" viewBox="0 0 24 24"><g fill-rule="evenodd"><path class="rich-link__arrow-icon" d="m12 0c-6.627 0-12 5.373-12 12 0 6.627 5.373 12 12 12 6.627 0 12-5.373 12-12 0-6.627-5.373-12-12-12m.21 19l-.637-.668 4.888-6.326h-11.465v-1.01h11.465l-4.888-6.333.637-.668 6.79 7.158v.685l-6.79 7.157"></path></g></svg><div class="dcr-ef9nua">Read more</div></div></div></a></div></div></gu-island></figure><p class="dcr-1s160rg">Trump announced the “groundbreaking” deal on Friday, calling it a “historic transaction [that] more than doubles American oil reserves … while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity”.</p><figure id="116168b5-e41c-4ce0-92ee-0d0d5d6d8d86" data-spacefinder-role="inline" data-spacefinder-type="model.dotcomrendering.pageElements.ImageBlockElement" class="dcr-d9bay7"><div id="img-2" class="dcr-1t7hdmw"><picture class="dcr-up96pv"><source srcSet="https://i.guim.co.uk/img/media/62f607121d8bc19c863fc8b9091420fe9ab9ebcd/0_0_6500_4333/master/6500.jpg?width=620&dpr=2&s=none&crop=none" media="(min-width: 660px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 660px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/62f607121d8bc19c863fc8b9091420fe9ab9ebcd/0_0_6500_4333/master/6500.jpg?width=620&dpr=1&s=none&crop=none" media="(min-width: 660px)"/><source srcSet="https://i.guim.co.uk/img/media/62f607121d8bc19c863fc8b9091420fe9ab9ebcd/0_0_6500_4333/master/6500.jpg?width=605&dpr=2&s=none&crop=none" media="(min-width: 480px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 480px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/62f607121d8bc19c863fc8b9091420fe9ab9ebcd/0_0_6500_4333/master/6500.jpg?width=605&dpr=1&s=none&crop=none" media="(min-width: 480px)"/><source srcSet="https://i.guim.co.uk/img/media/62f607121d8bc19c863fc8b9091420fe9ab9ebcd/0_0_6500_4333/master/6500.jpg?width=445&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/62f607121d8bc19c863fc8b9091420fe9ab9ebcd/0_0_6500_4333/master/6500.jpg?width=445&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Oil platforms and pumpjacks in water, silhouetted against the sunset" src="https://i.guim.co.uk/img/media/62f607121d8bc19c863fc8b9091420fe9ab9ebcd/0_0_6500_4333/master/6500.jpg?width=445&dpr=1&s=none&crop=none" width="445" height="296.64384615384614" loading="lazy" class="dcr-up96pv"/></picture><a href="#img-2" data-ignore="global-link-styling" class="open-lightbox dcr-zwabc0" aria-hidden="true" tabindex="-1"><button data-element-id="116168b5-e41c-4ce0-92ee-0d0d5d6d8d86" type="button" class="open-lightbox dcr-1bitgpn" aria-haspopup="dialog"><svg viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" focusable="false" aria-hidden="true"><path fill-rule="evenodd" clip-rule="evenodd" d="M23 8.75V1.5l-.5-.5h-7.25v1.25l4.5.6L14 8.575 15.4 10l5.75-5.725.6 4.475zm-22 6.5v7.25l.475.5h7.25v-1.25l-4.475-.6 5.725-5.775L8.6 14l-5.775 5.725-.575-4.475z"></path></svg><span class="dcr-1shbixy">View image in fullscreen</span></button></a></div><figcaption data-spacefinder-role="inline" class="dcr-174mzkf"><span class="dcr-vyhg7z"><svg width="18" height="13" viewBox="0 0 18 13"><path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path></svg></span><span class="dcr-1cipnsy">Oil platforms and pumpjacks at Lake Maracaibo in north-western Venezuela.</span> Photograph: Leonardo Fernández Viloria/Reuters</figcaption></figure><p class="dcr-1s160rg">On Sunday, Trump wrote on his Truth Social platform: “One of the things I am going to do with the Venezuelan <a href="https://www.theguardian.com/business/oil" data-link-name="in body link" data-component="auto-linked-tag">Oil</a> is fill up the Strategic National Reserves which, because of Sleepy Joe Biden, has been virtually emptied.”</p><p class="dcr-1s160rg">Trump added: “The ‘topping out’ process will begin very shortly, and is a Gift from Venezuela to the People of the United States.”</p><p class="dcr-1s160rg">Hours after seizing Maduro on 3 January, <a href="https://www.theatlantic.com/national-security/2026/01/trump-venezuela-maduro-delcy-rodriguez/685497/" data-link-name="in body link">Trump warned Rodríguez</a> she would face an even worse fate if she failed to toe the US line. “If she doesn’t do what’s right, she is going to pay a very big price, probably bigger than Maduro,” Trump said.</p><p class="dcr-1s160rg">Details of the agreement – struck during months of secret talks – remain sparse but it will reportedly see Washington take control of 65bn barrels of Venezuelan oil reserves.</p><p class="dcr-1s160rg">The South American country has the world’s largest proven crude oil reserves, with an estimated 303bn barrels, compared with Saudi Arabia’s 268bn and Iran’s 208bn. Rodríguez said the deal involved 17 “strategic oilfields” where it was hoped more than 1.5m barrels could be produced each day.</p><p class="dcr-1s160rg">But the deal has provoked outrage, both among members of Venezuela’s opposition and within the Chavismo political movement of which Rodríguez is part.</p><p class="dcr-1s160rg">Speaking on Friday, one prominent opposition figure, who asked not to be named, called the agreement “a massive land grab” by a “rapacious, mafioso United States”.</p><figure id="c209e724-f685-4305-b37d-a2152e5a2b26" data-spacefinder-role="inline" data-spacefinder-type="model.dotcomrendering.pageElements.ImageBlockElement" class="dcr-d9bay7"><div id="img-3" class="dcr-1t7hdmw"><picture class="dcr-up96pv"><source srcSet="https://i.guim.co.uk/img/media/4f6b613c40f838e61c238d13e0a51857d46712d6/0_0_6000_4000/master/6000.jpg?width=620&dpr=2&s=none&crop=none" media="(min-width: 660px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 660px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/4f6b613c40f838e61c238d13e0a51857d46712d6/0_0_6000_4000/master/6000.jpg?width=620&dpr=1&s=none&crop=none" media="(min-width: 660px)"/><source srcSet="https://i.guim.co.uk/img/media/4f6b613c40f838e61c238d13e0a51857d46712d6/0_0_6000_4000/master/6000.jpg?width=605&dpr=2&s=none&crop=none" media="(min-width: 480px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 480px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/4f6b613c40f838e61c238d13e0a51857d46712d6/0_0_6000_4000/master/6000.jpg?width=605&dpr=1&s=none&crop=none" media="(min-width: 480px)"/><source srcSet="https://i.guim.co.uk/img/media/4f6b613c40f838e61c238d13e0a51857d46712d6/0_0_6000_4000/master/6000.jpg?width=445&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/4f6b613c40f838e61c238d13e0a51857d46712d6/0_0_6000_4000/master/6000.jpg?width=445&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Protesters holding placards " src="https://i.guim.co.uk/img/media/4f6b613c40f838e61c238d13e0a51857d46712d6/0_0_6000_4000/master/6000.jpg?width=445&dpr=1&s=none&crop=none" width="445" height="296.66666666666663" loading="lazy" class="dcr-up96pv"/></picture><a href="#img-3" data-ignore="global-link-styling" class="open-lightbox dcr-zwabc0" aria-hidden="true" tabindex="-1"><button data-element-id="c209e724-f685-4305-b37d-a2152e5a2b26" type="button" class="open-lightbox dcr-1bitgpn" aria-haspopup="dialog"><svg viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" focusable="false" aria-hidden="true"><path fill-rule="evenodd" clip-rule="evenodd" d="M23 8.75V1.5l-.5-.5h-7.25v1.25l4.5.6L14 8.575 15.4 10l5.75-5.725.6 4.475zm-22 6.5v7.25l.475.5h7.25v-1.25l-4.475-.6 5.725-5.775L8.6 14l-5.775 5.725-.575-4.475z"></path></svg><span class="dcr-1shbixy">View image in fullscreen</span></button></a></div><figcaption data-spacefinder-role="inline" class="dcr-174mzkf"><span class="dcr-vyhg7z"><svg width="18" height="13" viewBox="0 0 18 13"><path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path></svg></span><span class="dcr-1cipnsy">Protesters affiliated with Chavista groups and social movements of the Anti-Imperialist Popular Front march in Caracas on Saturday to oppose the oil deal.</span> Photograph: Mario Flores/JNA/Zuma Press Wire/Shutterstock</figcaption></figure><p class="dcr-1s160rg">Writing on X, Rafael Ramírez, the former head of Venezuela’s state-owned oil company PDVSA, accused Rodríguez’s administration of “driving a dagger straight into the heart of the homeland” with the “neocolonial” transaction. “They are handing over 65bn barrels of our reserves to the United States. That has never happened in Venezuela, and I think nowhere else in the world,” Ramírez added in <a href="https://www.elnacional.com/2026/08/rafael-ramirez-critica-el-acuerdo-petrolero-y-advierte-sobre-el-despojo-de-recursos-en-venezuela/" data-link-name="in body link">an interview</a> with the newspaper El Nacional.</p><p class="dcr-1s160rg">On Saturday, dozens of leftwing protesters marched through Caracas with banners reading: “We are neither a colony, nor a back yard” and “Yankees go home!”</p><p class="dcr-1s160rg">Critics of the agreement shared an ironic meme on social media suggesting the state oil company’s name should be changed from PDVSA to “PDUSA”.</p><p class="dcr-1s160rg">In her broadcast, Rodríguez, the daughter of a Marxist guerrilla who spent years denouncing “imperialist” attempts to snatch her country’s oil reserves, countered claims she was surrendering Venezuela’s natural resources to a foreign power. She thanked Trump and the US secretary of state, Marco Rubio, for striking the deal but added: “There is something that must be made absolutely clear: Venezuela retains the ownership and sovereignty over its resources.”</p><p class="dcr-1s160rg">“We are thinking of Venezuela’s future,” claimed the politician, whose country was plunged into authoritarian rule and one of the world’s worst peacetime economic crises during Maduro’s 13-year rule.</p><p class="dcr-1s160rg">The deal represents an astonishing U-turn from Rodríguez and the socialist, anti-imperialist political movement she and Maduro inherited from Hugo Chávez after his death in 2013.</p><p class="dcr-1s160rg">In one 2024 speech, footage of which circulated on social media after Friday’s announcement, Rodríguez lambasted the Venezuelan opposition, accusing it of seeking to surrender the country’s oil, natural gas and gold reserves to its “masters” in Washington.</p><figure id="f8a1b302-aad8-4f97-bb68-7e5b5c0949a6" data-spacefinder-role="inline" data-spacefinder-type="model.dotcomrendering.pageElements.ImageBlockElement" class="dcr-d9bay7"><div id="img-4" class="dcr-1t7hdmw"><picture class="dcr-up96pv"><source srcSet="https://i.guim.co.uk/img/media/9dcd2b77f2f6a8d76ada4cc07529ab3fbd25cdd5/0_0_6240_4160/master/6240.jpg?width=620&dpr=2&s=none&crop=none" media="(min-width: 660px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 660px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/9dcd2b77f2f6a8d76ada4cc07529ab3fbd25cdd5/0_0_6240_4160/master/6240.jpg?width=620&dpr=1&s=none&crop=none" media="(min-width: 660px)"/><source srcSet="https://i.guim.co.uk/img/media/9dcd2b77f2f6a8d76ada4cc07529ab3fbd25cdd5/0_0_6240_4160/master/6240.jpg?width=605&dpr=2&s=none&crop=none" media="(min-width: 480px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 480px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/9dcd2b77f2f6a8d76ada4cc07529ab3fbd25cdd5/0_0_6240_4160/master/6240.jpg?width=605&dpr=1&s=none&crop=none" media="(min-width: 480px)"/><source srcSet="https://i.guim.co.uk/img/media/9dcd2b77f2f6a8d76ada4cc07529ab3fbd25cdd5/0_0_6240_4160/master/6240.jpg?width=445&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/media/9dcd2b77f2f6a8d76ada4cc07529ab3fbd25cdd5/0_0_6240_4160/master/6240.jpg?width=445&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="A fuel station in Caracas." src="https://i.guim.co.uk/img/media/9dcd2b77f2f6a8d76ada4cc07529ab3fbd25cdd5/0_0_6240_4160/master/6240.jpg?width=445&dpr=1&s=none&crop=none" width="445" height="296.66666666666663" loading="lazy" class="dcr-up96pv"/></picture><a href="#img-4" data-ignore="global-link-styling" class="open-lightbox dcr-zwabc0" aria-hidden="true" tabindex="-1"><button data-element-id="f8a1b302-aad8-4f97-bb68-7e5b5c0949a6" type="button" class="open-lightbox dcr-1bitgpn" aria-haspopup="dialog"><svg viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" focusable="false" aria-hidden="true"><path fill-rule="evenodd" clip-rule="evenodd" d="M23 8.75V1.5l-.5-.5h-7.25v1.25l4.5.6L14 8.575 15.4 10l5.75-5.725.6 4.475zm-22 6.5v7.25l.475.5h7.25v-1.25l-4.475-.6 5.725-5.775L8.6 14l-5.775 5.725-.575-4.475z"></path></svg><span class="dcr-1shbixy">View image in fullscreen</span></button></a></div><figcaption data-spacefinder-role="inline" class="dcr-174mzkf"><span class="dcr-vyhg7z"><svg width="18" height="13" viewBox="0 0 18 13"><path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path></svg></span><span class="dcr-1cipnsy">A fuel station in Caracas. The deal has provoked outrage among opposition figures in Venezuela.</span> Photograph: Anadolu/Getty Images</figcaption></figure><p class="dcr-1s160rg">Last September, as the US tightened the screws on Maduro, Rodríguez <a href="https://www.nytimes.com/2026/01/10/world/americas/delcy-rodriguez-venezuela-economy-trump.html" data-link-name="in body link">told the New York Times</a>: “The Pentagon always had a strategic objective of obtaining Venezuelan reserves.”</p><p class="dcr-1s160rg">The deal will reportedly involve the Pentagon’s Office of Strategic Capital, which channels funds into projects seen as important for national security. It will also involve a private company owned by Alejandro Betancourt, a controversial UK-based tycoon who has emerged as a key intermediary between the <a href="https://www.theguardian.com/us-news/trump-administration" data-link-name="in body link" data-component="auto-linked-tag">Trump administration</a> and Rodríguez.</p><p class="dcr-1s160rg">Opposition politicians fear the deal will scupper attempts to recover Venezuela’s democracy and hold fresh presidential elections. Maduro is widely believed to have stolen the last vote, in 2024, and Rodríguez has deflected questions about a future election, saying vaguely that it will happen “some day”. Trump has also said Venezuela is “not really ready” for elections.</p><p class="dcr-1s160rg">Writing on X, the opposition leader Juan Pablo Guanipa, said: “The only way to truly reactivate the Venezuelan economy in the long term and make this agreement benefit both parties is through a free election that leads to a representative government, clear rules of the game, rule of law, and institutions that allow our resources to be managed transparently and for the benefit of the nation.”</p><p class="dcr-1s160rg">Without that, the energy deal was like “a skyscraper [built] on pillars of clay”, Guanipa added.</p></div></div><gu-island name="SlotBodyEnd" priority="feature" deferUntil="visible" 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- The White House says 100-year rights to 17 Venezuelan oil fields. Caracas says 25 years, renewable. · cited for Rodriguez on ownership and domestic opposition
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Timeline entries this record anchors: Friday announcement and 55 percent briefings.