Hawzah News Agency- A new report on Venezuela’s situation after the US military operation in early 2026 shows that Washington has in practice taken a path different from its democracy-promotion rhetoric.
Cooperation with figures from the previous regime
According to the report, the Trump administration, instead of supporting democratic opponents, is cooperating with Delcy Rodríguez, Maduro’s former deputy and a prominent figure of the former regime, and has sidelined María Corina Machado, who has not yet been able to return to the country. No free elections have been held, more than 320 political prisoners remain detained as of early October, and repression continues.
Control of resources, not reconstruction
The report states that America controls the sale of millions of barrels of oil, as well as Venezuela’s gold and minerals. Royalties and taxes are deposited into special accounts (first in Qatar, then at Citibank). Industry analysts estimate that more than $13 billion in oil has been sold since January, but this figure has not been officially confirmed and there is no full transparency.
Controversial oil deal
On August 28, Trump announced the “largest oil deal in world history,” but the deal was made with North American Blue Energy Partners (NABEP) and its controversial CEO, Alejandro Betancourt, who has been investigated for money laundering in several countries. This has angered many Venezuelans and delayed major investments by oil companies, as they see political instability and the government’s lack of legitimacy as the main obstacle.
Environmental devastation and widespread poverty
The report describes the dire state of Venezuela’s oil industry, especially in Lake Maracaibo: abandoned drilling platforms, oil spills, poisoned water, and fishermen who sometimes wash their catch with gasoline to clean off crude oil. Millions of Venezuelans live in poverty and severe inflation (around 783 percent at one point), and the government is absent or indifferent.
Source: iuvmpress.co
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