US-Venezuela oil agreement faces criticism over resource control

Washington and Caracas have announced a new bilateral agreement, but officials have released only limited information about its terms. The deal, which is being framed as a step toward normalising relations after years of sanctions, has drawn immediate criticism from opposition figures and regional analysts who describe it as a de facto takeover of Venezuela’s natural‑resource assets.

According to diplomatic sources, the arrangement involves U.S. investment in Venezuelan oil and gas infrastructure and a framework for joint exploration projects, though the precise financial commitments and governance structures remain undisclosed. Critics argue that the lack of transparency could cede control of the country’s energy sector to foreign interests, while supporters contend the partnership may provide much‑needed capital and technical expertise to revive production. The controversy highlights ongoing tensions over sovereignty and economic recovery as both governments seek to navigate a complex geopolitical landscape.