Venezuelan Acting President Delcy Rodriguez called on the legislature Thursday to approve an oil industry reform plan aimed at attracting foreign investment and stabilizing the national economy. The proposal comes as the country reached a production milestone of 1.2 million barrels in December, with revenues earmarked for public health and infrastructure.
The reform push coincides with escalating maritime tensions. On the same day, the U.S. Southern Command announced the seizure of the Motor/Tanker Veronica, the sixth Venezuela-linked vessel apprehended by U.S. forces recently. The Trump administration has vowed to continue cracking down on sanctioned vessels in the Caribbean, stating that only “lawfully coordinated” oil will be permitted to leave the country.
Industry analysts report that the U.S. crackdown has already cut Venezuela’s crude exports by roughly half this month. While Rodriguez expressed a desire for relations based on mutual respect, U.S. officials have indicated intentions to maintain indefinite control over the sales of Venezuela’s oil output.
Credit : CGTN
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