Rodríguez

MIAMI — A former Miami congressman and longtime friend of U.S. Secretary of State Marco Rubio was sentenced Friday to 10 years in prison in connection with a secret $50 million lobbying campaign on Venezuela’s behalf during the first Trump administration.

Republican David Rivera has been jailed since jurors found him guilty in May on all counts, including failing to register as a foreign agent and conspiracy to commit money laundering as part of his work for former Venezuelan President Nicolás Maduro ’s government.

Rivera, 61, appeared stone-faced as Judge Melissa Damian denounced him for betraying his life’s mission, saying he would surely have been judged harshly his many friends had the millions of dollars come from the Cuban regime instead of its allies in Caracas.

“Nobody would accept that’s ok and I don’t think this is different,” the judge said. “There’s no dispute this money came from the Maduro regime.”

The seven-week trial offered a rare glimpse into Miami’s role as a crossroads for foreign influence campaigns aimed at shaping U.S. policy toward Latin America, highlighting the city’s reputation as a magnet for both anti-communist crusaders and corruption among its sizable exile population.

It included testimony from President Trump’s secretary of state, Rep. Pete Sessions of Texas and a top Washington lobbyist — all of whom testified they felt betrayed when learning of Rivera’s mammoth consulting contract with a U.S.-based affiliate of Venezuela’s state oil company, PDVSA.

Attorneys for Rivera plan to appeal and in June applied for a presidential pardon. Rivera faces additional federal charges in Washington, D.C., in a related foreign lobbying case.

Prosecutors said betrayal featured coded figures — ‘Sombrero’ and ‘Miss Clairol’

In an indictment unsealed in 2022, prosecutors alleged that Rivera was tapped by then Foreign Minister Delcy Rodríguez — now Venezuela’s acting president — to work Republican connections to get the first Trump administration to abandon its hard line and crippling sanctions on Venezuela.

As part of the charm offensive, Rivera and a co-defendant, political consultant Esther Nuhfer, sought to manipulate influential friends, including Rubio and Sessions. Their goal was to normalize relations with the new Trump administration even as the Maduro government faced sanctions over serious accusations of human rights violations.

But Rivera and Nuhfer didn’t disclose their lobbying work as required, for fear it would have ended Rivera’s political career as an anti-communist stalwart, prosecutors argued at trial.

“The United States and the public were the true victims of this fraud,” Assistant U.S. Atty. Roger Cruz said in urging a stiff sentence. “He used his position of trust — and betrayed it consistently and repeatedly.”

To hide his work, prosecutors allege, Rivera also set up an encrypted chat group called MIA — for Miami — with his main conduit to the Maduro government: Venezuelan media tycoon Raúl Gorrín, who was subsequently charged in the U.S. with bribing top Venezuelan officials.

Members of the group used playful code words to discuss their activities: Maduro was the “bus driver,” Sessions “Sombrero,” Rodríguez “The Lady in Red,” and their windfall payments “La Luz,” Spanish for “The Light,” according to copies of text messages presented to the jury. Rubio was known as “Miss Clairol,” because rubio means blond in Spanish.

Defense said only missing paperwork made the $50 million contract illegal

At Friday’s sentencing, attorneys for Rivera repeated their trial argument that the former congressman believed he was under no requirement to disclose the work. The three-month, $50 million contract with Rivera’s one-man consulting firm, they said, was focused on luring oil giant ExxonMobil back to Venezuela — commercial work that is generally exempt from the Foreign Agents Registration Act.

“David Rivera does not deserve to die in prison because he failed to file a FARA registration,” defense attorney Ed Shohat said at Friday’s hearing. “If he had filed that paper, that form, everything he did, including the $50 million contract, which totally distorted this case, is perfectly legal.”

Wholly distinct from that consulting work, they say, were Rivera’s meetings with Rubio and Sessions, which were focused on ushering in leadership in Venezuela that would be less hostile to the U.S. – not supporting Maduro in normalizing relations with the U.S.

“There’s not one word in any chat, not one document, not one thing he did to help Nicolás Maduro,” said Shohat.

Prosecutors said Rivera used the contract with the affiliate, New York-based PDV USA, as cover for illegal lobbying.

“This is a classic money laundering case,” the judge said Friday in rejecting Rivera’s motion to lower the federal guidelines range.

Where did the money go? A luxury yacht, among other things

The partners tried to hide the work — backdating documents and coming up with sham agreements, like one to justify a wire transfer of $3.75 million to a South Florida company that maintained Gorrín’s luxury yacht, prosecutors said.

The political activity included setting up meetings for Rodríguez in New York, Caracas, Washington and Dallas. As part of the effort, Rivera roped in Sessions, who later tried to broker a meeting for Rodríguez with the ExxonMobil executive who took over as CEO when Rex Tillerson became Trump’s first-term secretary of state. After a secret meeting in Caracas with Maduro, Sessions also agreed to deliver a letter from the Venezuelan president to Trump.

The outreach quickly unraveled, however. Within six months of taking office, Trump sanctioned Maduro and labeled him a “dictator,” launching a “maximum pressure” campaign to unseat the president.

And now, nearly a decade later, Rodríguez has emerged as the second Trump administration’s trusted partner after the U.S. military’s ousting of Maduro.

Rubio’s former housemate faced scandal before, but Cuban Americans support him

Before being elected to Congress in 2010, Rivera was a high-ranking Florida legislator and shared a Tallahassee home with Rubio, who eventually became the Florida House speaker.

Rivera faced earlier controversy, including allegations that he secretly funded a Democratic spoiler candidate in a 2012 congressional race. Last year, federal prosecutors dropped that case after an appeals court threw out a sizable fine imposed by a lower court. Rivera was also investigated — but never charged — for alleged campaign finance violations and a $1 million contract with a gambling company while serving in the Florida Legislature.

Despite all that, Rivera remains popular among Miami’s Cuban American establishment.

Friends of the former congressman, including the former president of Florida International University and Miami-Dade County’s supervisor of elections, packed the courtroom to show their support.

Sessions, in a letter seeking leniency that was read into the record by his chief of staff, said his former congressional colleague devoted decades to public service, much of it focused on defending liberty and democracy.

“I don’t think it’s productive for society by sending David away for a long, long time,” testified Liliana Ros, a longtime Miami GOP committee member.

Goodman writes for the Associated Press.

Caracas, September 25, 2026 (venezuelanalysis.com) –  Venezuelan Acting President Delcy Rodríguez outlined a foreign policy built on “peace” and “dialogue” in her address at the 81st session of the United Nations General Assembly in New York on Wednesday.

Speaking before world leaders, Rodríguez insisted on peace over conflict, thanked the Trump administration for diplomatic backing, and committed to international cooperation on environmental, energy, and AI regulation. She went on to urge young Venezuelan migrants to return home and laid out a proposal for structural “democratic transformation” of the Caribbean nation. 

Opening her address, Rodríguez underscored Caracas’ rejection of warfare, linking global stability to diplomatic resolution. 

“Venezuela, which today knows what it is to lift its children out from under the rubble, extends its deepest solidarity to all peoples who suffer from war, and reaffirms that peace […] is not a naive aspiration, but the only truly human path,” she declared.

Rodríguez explicitly addressed the diplomatic rapprochement with Washington after the January 3 US military strikes and kidnapping of President Nicolás Maduro and First Lady Cilia Flores. She expressed thanked Trump for aiding Venezuela’s reintegration into international forums following years of heavy economic sanctions and diplomatic isolation.

“I want to thank President Donald Trump and his government for their willingness to resume the path of diplomatic and cooperative relations with Venezuela,” Rodríguez stated, referencing the recent oil deal as “one of the largest ever signed” and pledging that it will contribute to regional energy stability.

Rodríguez refrained from condemning the US attack, calling it a “difficult moment” that resulted from the “exhaustion of domestic policies and heightened confrontation with the US.” She likewise made no mention of Maduro and Flores, presently detained 10-15 miles away from the UN headquarters and facing trial for charges including drug trafficking conspiracy.

The Venezuelan acting president had conveyed similar gratitude in a face-to-face meeting with Trump on Tuesday that she labeled as “historic.”

Turning to domestic affairs in her UN address, Rodríguez spoke of the severe wave of migration triggered by past political and economic crises, and vowed to the Venezuelan youth residing abroad that there will be improved conditions for their return.

“To the young people, who have grown up seeing a fractured country and who often decided to leave seeking what they could not find here: I tell you that it is worth believing again,” the acting leader affirmed. “This is the moment to build the country that many want to return to, and not just the one that many wanted to flee.”

This message was framed as part of what Rodríguez termed a “democratic transformation for a rebirth,” which she described as an institutional, orderly, and verifiable process.

“In Venezuela, there will be elections. We have already initiated a political dialogue with sectors of the opposition that leads to a process on equal terms for all,” she noted.

Though Rodríguez did not explicitly name unilateral sanctions from Washington and its allies, she stated that the country needs to be “free from economic restrictions” and pledged to “guide Venezuela toward an era of full democracy, recognized by its people and the world.”

The acting president’s UN speech came amid a flurry of diplomatic activity in New York, including meetings with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, World Bank President Ajay Banga, and Inter-American Development Bank (IDB) President Ilan Goldfajn.

On the sidelines of the UN assembly, Rodríguez also held bilateral meetings with Chilean far-right president José Antonio Kast to discuss regional trade and stability, as well as with a delegation from Trinidad and Tobago, led by Prime Minister Kamla Persad-Bissessar, initiating a “new stage in bilateral relations” centered on joint offshore natural gas exploration and maritime security.

Venezuela had suspended cooperation with neighboring Port of Spain after Persad-Bissessar backed the US’ military build-up on the country’s shores in late 2025.

Rodríguez’s New York trip coincided with a second round of US-backed talks between government negotiators led by National Assembly President Jorge Rodríguez and a sector of the opposition led by former deputy Dinorah Figuera.

The latest negotiations reportedly focused on electoral guarantees, freedom of expression, institutional reform, including renewing the Supreme Court, and efforts to secure the unfreezing of Venezuelan assets abroad, including gold reserves worth approximately US $4 billion. The gold held by the Bank of England is set to be transferred to the US, to be released for post-earthquake recovery efforts under White House oversight.

Edited by Ricardo Vaz in Lisbon, Portugal.

Caracas, September 22, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez and US President Donald Trump held a first face-to-face meeting on Tuesday night in New York amid the rapid rapprochement between Washington and Caracas.

The closed-door gathering took place at the Lotte New York Palace hotel during a reception for world leaders participating in the ongoing 81st session of the United Nations General Assembly. Trump was flanked by Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and other White House officials, while Rodríguez was joined by Foreign Minister Félix Plasencia.

The Venezuelan government published photos of the meeting, with the two leaders smiling for the cameras in front of the countries’ flags.

On her social media channels, Rodríguez praised the “historic” sit-down with Trump and reported that the discussions focused on strengthening “cooperation in strategic areas such as energy and mining.”

“We thanked President Trump and his government […] for its support for Venezuela’s reinsertion into multilateral spaces,” she stated. “Venezuela and the United States share a historic relation that, in this new era, we must drive forward through dialogue.”

Tuesday’s summit was the first between US and Venezuelan leaders since a brief encounter between Barack Obama and Nicolás Maduro during the 2015 Summit of the Americas in Panama.

Rodríguez is also set to be the first Venezuelan head of state to participate in the UN General Assembly since Maduro in 2018, during Trump’s first term. In 2019, then as vice president, Rodríguez addressed the UN General Assembly, denouncing US sanctions as a form of “state terrorism” and accusing Trump of “sticking his imperial claws” against Venezuela and Cuba

The high-level meeting follows a rapid diplomatic rapprochement between Caracas and Washington following the January 3 US bombings and kidnapping of President Nicolás Maduro and First Lady Cilia Flores. In the months since, the acting Rodríguez administration has fast-tracked energy and mining reforms tailored to US and Western corporate interests while also realigning the country’s foreign policy.

The Venezuelan acting president and her diplomatic team have yet to mention Maduro in their New York trip. Maduro and Flores are presently detained in Brooklyn, some 10 miles from the UN headquarters, and facing drug trafficking conspiracy charges. Both pleaded not guilty.

At the time of writing, the White House has offered no details on Tuesday’s summit with Rodríguez.

However, in his UN speech earlier in the day, Trump hailed the US’ military operation to kidnap “outlaw dictator” Maduro.

“Our actions in Venezuela are proof that the United States will no longer permit threats to America to gain a foothold anywhere in the Western Hemisphere. And if necessary, we will use our unmatched military might to secure the vital national interests of the United States,” he said.

Trump went on to boast about US corporations entering the Venezuelan energy sector and praised a recent deal giving privileged access to more than 20 percent of the Caribbean nation’s reserves to a Pentagon-controlled firm as “perhaps the biggest deal ever made.”

“To the victor belong the spoils,” he added. Rodríguez and the Venezuelan delegation were shown listening to Trump’s speech in the UN live broadcast.

Prior to the high-profile Trump sit-down, Venezuela’s acting president held meetings with Inter-American Development Bank (IDB) President Ilan Goldfajn, International Monetary Fund (IMF) Managing Director Kristalina Georgieva, and World Bank President Ajay Banga to discuss Venezuela’s reintegration into international financing and cooperation mechanisms.

“We are promoting new stages of engagement with the international financial system and working to ensure joint efforts for the benefit of the Venezuelan people. Venezuela’s future is built through partnerships, hard work, and the firm determination to keep moving forward and creating opportunities for our nation,” Rodríguez said. 

She also met with UN Secretary-General António Guterres, with whom she reportedly discussed Venezuela’s political and economic situation, cooperation with the UN, human rights, and dialogue.

The Venezuelan leader likewise held a brief conversation with Spanish Prime Minister Pedro Sánchez and Foreign Minister José Manuel Albares.

Edited by Ricardo Vaz in Lisbon, Portugal.

Caracas, September 21, 2026 (venezuelanalysis.com) –  Venezuelan Acting President Delcy Rodríguez hosted Paraguayan counterpart Santiago Peña at the Miraflores Presidential Palace in Caracas on Saturday as the two South American nations relaunch bilateral diplomatic and consular relations.

The high-level working meeting reportedly focused on establishing a shared agenda centered on trade expansion, energy cooperation, consular assistance, and joint efforts to combat transnational organized crime.

The summit concluded with a joint statement announcing the renewed bilateral relations, signed by foreign ministers Félix Plasencia and Rubén Ramírez Lezcano for Venezuela and Paraguay, respectively.

Following the signing ceremony, Rodríguez and Peña expressed optimism regarding the reestablished cooperation.

“We are working together for a more integrated Paraguay,” Peña declared in a press conference, emphasizing that the dialogue was focused on “the well-being of citizens” from both countries.

For her part, Rodríguez claimed the accord did justice to principles of sovereignty, dialogue, and South American integration in Venezuela’s foreign policy.

“Venezuela continues to advance a sovereign diplomacy of peace, rooted in mutual respect, self-determination, and constructive dialogue among our nations,” she stated. “This meeting opens a new stage of cooperation aimed at addressing shared challenges and serving the concrete interests of both our peoples.”

The Caracas meeting reversed years of political friction and diplomatic tensions between the two nations. Bilateral ties were initially severed in January 2019 under former Paraguayan President Mario Abdo Benítez, who aligned Asunción with Washington’s regime-change strategy by recognizing opposition figure Juan Guaidó’s self-proclaimed “interim government.”

Relations experienced a brief thaw in late 2023 under Peña’s incoming administration before breaking down again in January 2025. The Venezuelan government formally severed diplomatic channels after Peña supported far-right opposition candidate Edmundo González’s victory claim in the July 2024 Venezuelan presidential elections. The Paraguayan president further backed Venezuelan anti-government forces by attending María Corina Machado’s Nobel Peace Prize ceremony in December 2025.

A central point on the reopened diplomatic agenda was the resolution of a long-standing debt owed by Paraguayan state oil company Petróleos Paraguayos (Petropar) to Venezuela’s state energy company, Petróleos de Venezuela S.A. (PDVSA).

The financial dispute stems from fuel shipments received by Petropar under the 2004 Caracas Energy Accord, an energy integration initiative launched under President Hugo Chávez to provide favorable financing conditions for oil imports across Latin America and the Caribbean. Paraguay currently maintains an outstanding principal debt estimated at approximately US $300 million.

Addressing the issue ahead of the summit, Paraguayan Foreign Minister Rubén Ramírez Lezcano acknowledged the core obligation but highlighted technical disagreements regarding accumulated interest calculations.

“The differential of that debt is linked to interest that applies outside the commercial agreement that exists with that country,” Ramírez explained during a press conference last week, noting that the specific arbitration over interest rates remains before the International Chamber of Commerce (ICC) in Paris.

The resolution of the debt has been paralyzed for years primarily due to the severing of diplomatic ties, compounded by unilateral sanctions imposed by the United States against PDVSA.

With diplomatic channels now reopened, both governments signaled their intention to structure a viable settlement mechanism outside of imperial financial restrictions.

Since the January 3 US military strikes and kidnapping of President Nicolás Maduro, the acting Rodríguez government has aligned its foreign policy with Washington, mending or expanding ties with US partners in Latin America and beyond while scaling back support for long-term allies such as Cuba and Iran.

Following Saturday’s summit in Caracas, Acting President Rodríguez departed Venezuela for New York City, where she will attend the 81st Session of the United Nations General Assembly (UNGA) this week.

According to Reuters, Rodríguez is slated to hold discussions on energy and mining agreements, as well as Venezuela’s ongoing debt restructuring process. 

On Monday, the Venezuelan acting president met with IMF Managing Director Kristalina Georgieva, though no details of the talks were disclosed. Caracas has sought to unblock around $4.5 billion in IMF-issued Special Drawing Rights (SDR) for recovery efforts following the June 24 double earthquake.

Likewise on Monday, Rodríguez held talks with World Bank President Ajay Banga.

Edited by Ricardo Vaz in Lisbon, Portugal.

WASHINGTON — President Trump has locked in a deal to develop Venezuela’s vast oil resources, an arrangement the White House says will bring a country battered by years of economic collapse to a “place where elections are possible.”

But the agreement — backed by acting President Delcy Rodríguez, a holdover from the Nicolás Maduro government that Washington deems “illegitimate” — is raising new uncertainty about how entrenched the unelected government may become.

In January, when the U.S. military captured Maduro, Trump did not say how long a democratic transition would take but said Rodríguez was “gracious” and “essentially willing to do what we think is necessary.”

Asked by The Times on Wednesday what was stopping him from demanding Venezuela set a firm election date, Trump was blunt: “I just don’t think they are ready yet.”

“It’s very new. We took them out of a dictatorship and we’re getting along great with the government,” Trump said. But he said an election would happen “soon.”

U.S. Secretary of Energy Chris Wright walks alongside Venezuela’s interim president, Delcy Rodríguez, after a news conference on the deal to develop 17 oil fields in the country.

(Jesus Vargas / Getty Images)

Under the deal, the U.S. government is partnering with an oil producer to create a new company, North American Blue Energy Partners, to develop 17 fields with a proven potential of 65 billion barrels. NABEP will have rights to the fields for 100 years.

For many Venezuelans, the lack of urgency around elections — set against a deal that gives the United States majority control over roughly a third of the country’s oil reserves — is starting to feel like a broken promise.

“They tell us we have to wait two years, maybe more, while in the meantime they do business with a government that wasn’t elected, that was imposed on us, and that we don’t want,” Carlos Pérez, a 23-year-old automotive mechanics student, told The Times.

Antonio Marchetti, a 45-year-old plumber and electrician, said that while he sees the removal of Maduro as a “good thing,” the oil deal makes it seem as though Trump’s plans were those of a “cowboy, the invader John Wayne,” all along.

“We were expecting elections,” Marchetti said. “This pact with Trump entrenched the dictatorship that he himself declared war on. But to get rid of Maduro, he left the rest and did business with them. It disgusts me.”

A man holds a sign that reads in Spanish, “Yankee out, murderers” during a protest in Caracas on Aug. 29 against President Trump’s deal giving the United States a stake in Venezuela’s oil reserves.

(Pedro Mattey / Associated Press)

The frustrations go beyond Venezuela. In Washington, Republican lawmakers have praised the oil deal, while calling Rodríguez an “interim dictator” who cannot be trusted.

María Corina Machado, the exiled leader of the Venezuelan opposition and a recipient of the Nobel Peace Prize, on Thursday raised her own worries about what the oil deal means for the future of Venezuela.

In a video message, Machado stopped short of criticizing Trump’s oil deal, but acknowledged concerns about a pact negotiated with an “illegitimate” government.

“Venezuelans know that there can be no development without strong institutions and a government elected by popular vote,” she said. “That is the only real guarantee of success and stability for any large-scale investment.”

A plan in the works

Trump administration officials have characterized the deal as an economic lifeline that will eventually stabilize a country and prepare it for free and fair elections.

Secretary of State Marco Rubio said last week that the United States is facilitating talks between Venezuela’s interim government and Dinorah Figuera, an opposition figure leading Venezuela’s 2015 National Assembly, the last democratically elected legislature recognized by the United States.

Machado has been left out of those talks. They are expected to resume in mid-September.

Rubio says that for any election to be “credible,” the voting system will require an overhaul and political parties will need time to organize. Steps also must be taken to ensure the country has a free press.

Echoing Rubio’s comments, the White House said Friday that Trump wants elections held at the “right time,” but that his top priority is to bring Venezuela “back from the dead and rebuild the country after it was incompetently ruled by a nasty dictatorship.”

U.S. Energy Secretary Chris Wright meets with Venezuelan acting President Delcy Rodríguez at Miraflores presidential palace in Caracas on Sept. 2.

(Pedro Mattey / Ap Photo/pedro Mattey)

On Wednesday, while Energy Secretary Chris Wright visited Caracas, Rodríguez declined to set a firm date for an election, but added, “I have worked tirelessly to ensure that Venezuela is ready and prepared when the time comes for its electoral process, which will take place — have no doubt about that: There will be an electoral process.”

The open-ended approach to holding an election, however, has drawn criticism from former Trump administration officials, who argue the lack of a timeline essentially lets Rodríguez govern indefinitely.

“Here’s my fear: It makes us Delcy’s partner, and gives the president a reason to want her to remain in power,” Elliott Abrams, who served as U.S. special envoy to Venezuela during Trump’s first term, told The Times.

He contended that the White House so far appears to prefer a pliant interlocutor, and Rodríguez, he says, will do “whatever Trump tells her to do.”

If an election is to take place in Venezuela, a nine-month runway for preparation is likely to be expected, Abrams said.

People shop for produce at a market in Maracaibo, the heart of Venezuela’s oil industry. .

(Ariana Cubillos / Associated Press)

In Washington, some Republican lawmakers have continued to call for elections in Venezuela, arguing that Rodríguez cannot be trusted.

“The only way we will have a prosperous Venezuela is with the end of the murderous regime and the return of democracy,” Rep. Carlos A. Gimenez (R-Fla.) wrote on social media. He also called Rodríguez an “interim dictator.”

In an interview with NBC News’ “Meet the Press,” Sen. Ted Cruz (R-Texas) said he does not necessarily think elections should happen before the oil agreement is finalized, but he said they “need to proceed rapidly.”

“I believe they should proceed no later than midway through next year,” he said.

Sen. Rick Scott (R-Fla.) said he is working with Trump and Rubio to ensure “free, fair and transparent elections as soon as possible.” He did not, however, say what would constitute “soon.”

Mixed views on economic hope

In the Lake Maracaibo region, an area that would see renewed investments under the oil agreement, Junior Araujo — a 47-year-old oil worker — sees a “wonderful opportunity to be reborn.”

Araujo, the father of three, is in desperate need of a better economic outlook. He works 120 hours a week and earns only $20. For his family, food alone usually costs about $150 a week.

“We have to get creative and find new ways to make ends meet through side jobs like selling clothes and making yogurt,” he said. “That’s our real financial situation.”

Venezuelans watch oil tankers anchored in Lake Maracaibo on Sept. 4. Much of the country’s oil industry is centered in the Maracaibo region.

(Humberto Matheus/Sipa USA via Associated Press)

For Araujo, the hope for a better economy does not take away his frustrations with the government.

“We’re neither happy nor dancing here, all our benefits have been taken away from us,” he said. “Our main problem is the current government; we need to restore our institutions.”

Nazareth Lezama, a 35-year-old teacher, also sees the oil deal as an economic opportunity but remains concerned that the current government may not have negotiated the best price or conditions for Venezuela. She added this has happened in the past.

“We must be clear that this regime destroyed the oil industry,” she said, adding that Venezuelans “need elections to choose leaders based on merit.”

Marchetti, the plumber from Caracas, says the oil deal is a “100-year chain” on Venezuelans imposed by Trump. He said it has become the “last straw” for him, and he has decided to leave Venezuela and emigrate to Europe.

“With all the pain in my heart, I will leave everything behind. I have a European passport; it won’t be easy to start a life from scratch, but there is no hope left here,” he said.

He does not know where he will land yet. But he knows he needs to leave Venezuela.

“This ship is sinking,” he said.

Times staff writer Ceballos reported from Washington. Special correspondent Mogollón reported from Caracas.

Caracas, September 3, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez and US Energy Secretary Chris Wright celebrated an oil agreement between the two countries and North American Blue Energy Partners (NABEP) and a flurry of additional energy deals signed on Wednesday.

“This is a historic day in the transformation of Venezuela,” Wright said in a joint press conference at Miraflores Palace. “President [Donald] Trump has a clear mission in Venezuela: to bring peace, freedom, and prosperity to everyone.”

The US official went on to praise the “enormous deal” announced last Friday that will see NABEP, a company owned by Venezuelan businessman Alejandro Betancourt, receive long-term concessions for 17 prime oilfields in the Caribbean nation that hold 65 billion barrels of reserves.

According to the White House, the US Department of War’s Office of Strategic Capital (OSC) will acquire a 35 percent stake in NABEP through penny warrants. The US State Department will be able to purchase 20 percent of NABEP’s production at cost and hold a right of first refusal for the remaining 80 percent. 

Washington will likewise control the company’s board of directors. Wright stated that the NABEP deal is “ambitious” and predicted that Venezuelan oil production would surpass 2 million barrels per day (bpd) by the end of the decade, nearly doubling the current output of 1.1 million bpd.

For her part, Rodríguez urged Wright to convey her gratitude to Trump, the US State Department, and the Department of Energy for helping secure “a mutually beneficial, win-win agreement.”

“I trust that the binational agreement will also prove beneficial for the people of the United States,” the acting president told reporters. “Venezuela is ready to welcome these investments that will boost the country’s development.”

Rodríguez had previously stated that Venezuela is estimating US $19 of revenue per barrel extracted in the project, significantly below the government take under the 2001 Hydrocarbon Law enacted by former President Hugo Chávez. The law was overhauled with US support in January to expand benefits for foreign corporations.

Both Rodríguez and Wright faced questions about Betancourt, who has faced embezzlement and money laundering investigations in Spain and Switzerland stemming from alleged corruption in dealings with state oil company PDVSA.

NABEP has operated in the country since 2024 and was awarded the project without a prior bidding process. It is currently Venezuela’s second-largest crude producer after Chevron. Wright said the US government had negotiated the agreement carefully and would exercise strict control over the flow of funds associated with the NABEP deal.

Rodríguez, for her part, said that Betancourt is not facing any judicial proceedings in Venezuela, with a 2022 arrest warrant for corruption having been dropped one year later. Similarly, Secretary of State Marco Rubio argued in an interview that the Venezuelan mogul is not the subject of any investigation in the US.

Before the afternoon press conference, Wright attended a ceremony at the presidential palace that saw the Venezuelan government sign a number of agreements with foreign corporations.

Chevron, the largest foreign corporation operating in Venezuela, saw its joint venture with PDVSA awarded two additional extra-heavy crude fields, Carabobo-1 and Carabobo-2 South, in the Orinoco Oil Belt.

The Texas-based company announced plans to invest $7 billion in its Venezuela projects over the next five years with the goal of more than doubling the current 250,000 bpd output. Chevron CEO Mike Wirth affirmed in an interview that the “strong legal protections” and “improved terms” under the reformed Hydrocarbon Law granted the company “attractive low-cost oil growth” prospects. 

Italian company Eni also signed a contract to develop the Junín-5 block, one of the largest in the Orinoco Oil Belt. The project will migrate from a joint venture with PDVSA majority to a concession-type deal, called a Productive Participation Contract, which offers increased benefits for the private operator.

Eni CEO Claudio Descalzi was likewise present in Miraflores Palace and thanked US and Venezuelan authorities for backing foreign investments in the South American country.

Wednesday’s ceremony also saw Primavera secure a concession to exploit the medium- and heavy-crude Budare-Elotes block in eastern Venezuela. Primavera is an energy-investment vehicle created by billionaire Fred Ehrsam, a Trump supporter and co-founder of Coinbase, to enter the Venezuelan oil industry.

Additionally, Colorado-based wildcatter Aspect Energy received rights to study potential new oilfields in eastern Venezuela.

Finally, PDVSA and state electricity company CORPOELEC signed “strategic alliance” agreements with GE Vernova, an offshoot of General Electric, to upgrade and repair electrical infrastructure supporting Venezuela’s oil industry.

Following the pro-business overhaul of its energy sector, Caracas has signed new or updated agreements with multiple Western multinational corporations, including BP, Shell, and Repsol. 

Since the January 3 military strikes and kidnapping of President Nicolás Maduro, the Trump administration has wielded significant control over the Venezuelan oil and gas industry. The Caribbean nation’s export revenues are currently deposited in a US Treasury account before the White House decides the disbursement timings and amounts.

Washington has also kept wide-reaching sanctions in place while issuing licenses for select corporations and banning dealings with companies from Russia, China, and Iran. With NABEP set to take over five oilfields previously operated by joint ventures with Chinese firms, Beijing demanded that its “rights and interests” in Venezuela be respected.

Edited by Ricardo Vaz in Caracas.